Who is buying here?

[SteveNYC]

Looks like the wheels of the market have come off.

I will prognosticate an afternoon rally based on technicals.

 

[shortie]

what a f*king mess!
buy? sure, if one has cash.

 

[shortie]

VIX can't break Friday High despite major market dumps this week. Is this bullish or bearish?

 

[SteveNYC]

Quote from shortie:

VIX can't break Friday High despite major market dumps this week. Is this bullish or bearish?

Academically speaking, this is a bullish sign/less bearish sign. Volume is high today. Another bullish sign/less bearish sign.

The Dow chart this year looks like the Dow in 2005.

Interestingly, the Dow chart in 2010 looks like the Dow in 2004.

And the Dow chart in 2009 looks like the Dow in 2003.

 

[achilles28]

I'm long at 1244. Stop at 1242.

Looking to break 1252. Let's see what happens...

 

[S2007S]

Once the nasdaq rallies it will push the dow into positive territory and the SPX will close around 1262-1265!

Market looks like it wants to push higher and if it does I think it can continue into tomorrows trading session as well, I think the SPX could easily be back above 1275 by Thursday evening.

 

[achilles28]

Quote from achilles28:

I'm long at 1244. Stop at 1242.

Looking to break 1252. Let's see what happens...

Okay. 1252 broken. Moved stop to 1244. Lets see if we can continue it ...

 

[achilles28]

Printed at 1258. Due for a pullback. Euro looking up again. Holding ES long still...

 

[achilles28]

Anyone adding here?

 

[hajimow]

Semi sector looks definitely bottomed. Check out SMH, ADI, TXN.