Why is there no fear? Why is everyone so quiet?

I agree on the "Bounce" prediction.

We have been selling for a few days now. However, "Oversold" is a subjective word. When trading the last Bear Market, I would pick 'oversold' entry points and go balls in. Only to find myself, looking at two more down days that were deep and hard sells.

IMHO, we need to test the 12000 market before we see a serious bounce.

Remember, this is a Bear market. The most likely move will be some chop sideways before we test the 12000, then a strong reversal. The fake may be a punch through 12000 only to trap shorts and reverse 300 to 400 points in a day or two.

But what ever way it goes, as long as the market moves, that's all we need.
 
VIX should be through the roof.

This is telling me that we in for a few weeks of declines before a massive reversal.

My eye is on the VIX
 
This is telling me that we in for a few weeks of declines before a massive reversal."

yup...i am thinking the same...we'll be floundering along the bottom til the fomc meeting?One thing that could be real sscary is aapl earnings on tuesday...vz and t have also broken down and will get smashed on bad aapl report....i think aapl hype will get a cold shower on tuesday...nothing new for them going forward ergo forward guidance will be uninspiring...also ft report last night said iphone sales below target in the uk...
 
AAPl will be interesting. However, I do not think they will report bad. They should be in line. But the forward out look and estimations may shock.
 
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