08:37am CST Buy Point Tomorrow

Discussion in 'Trading' started by cszulc, Sep 14, 2008.

  1. cszulc


    Let me paint a picture for tomorrow:

    At open, Dow down 400+/S&P 45+, VIX spikes to 32.5+, rapid selling of AIG, LEH (obviously), C, XLF, GS, MS, WM, then selling programs/margin liquidation stop and a buy point emerges. VIX settles down, Dow/S&P ranges. This is all done in the first 7 minutes of RTH trading then we gradually go up through the day.
    Happened after January scare, Bear Stearns, Fannie/Freddie July scare, same thing to happen tomorrow.
  2. cszulc


    And, hasn't this always marked a SHORT-TERM bottom?

    :D :D :D

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  3. I still think AIG will be fine in the aftermath..
  4. cszulc


    They'll certainly be sent down tomorrow morning. AIG and WM I will also be buying (with buy targets).
  5. I believe this will exactly happen...geat post...then tues FOMC brings another rally and tonight is forgotten about...
  6. Yea, another cut in the discount rate. That's really going to help... I think Aunt Ben fucked up big with that huge cut last year. REALLY DUMB....
  7. aig is in no worse shape than wb or c yet its stock price collapse by relentless fear has paralyzed it. once they can get short term funding to stop this onslaught aig will be fine.
  8. I think WM is the next target.... WB, not sure. If GS and MS are also in trouble... Time to look into rubles.
  9. It's different THIS time. IMO. LOL :D
  10. if gs is in trouble then.. we will never know about it. GS in trouble would literally kill the stock market.. and I mean kill it.
    ANyway .. your sceanrio for tomorrow could happen.. but I do not see it this way.. i do see areas tomorrow to buy .. but the trade of the day will be in the afternoon.. IM looking for a nice fast sell off into the close... not necessarilly to new lows.. but it mkt ralliesoff low of the day for a few hours then we get great sell offf at close.
    #10     Sep 15, 2008