09-18-2008: we hit bottom today

Discussion in 'Trading' started by polpolik, Sep 18, 2008.

  1. Going out on a limb to make this call...

    Plus RUT on ICE hit 666 then promptly bounced off :)
  2. So who bought with both hands with VIX > 40? I remember many were waiting for it.
  3. I don't pay much attention to the VIX so I can't say for sure but I do look at the ISEE Sentiment index and it's absolutely bearish 50-70s... usually a bounce occurs at these levels.

    The 666 is just a bonus. It's divine intervention :D
  4. 50 ES points since :)
  5. i dont watch vix but i bought at 1150, targets 1400 and all time highs

    stop at 1080

    wish me luck!
  6. I don't think this market will be looking back anytime soon. This is a massive bounce across the board and I see 1300 very soon for sure.

    1400 is too far for me to see :)

    Shorting the Yen, too.

    Even I'm surprised at the strength of this bounce :eek: I thought we'd end at 1180-ish.
  7. Certainly a day to remember, that's for sure.
  8. Daal


    I'm not going to remember today. I bought at vix 36. by the time it hit 40 I just had to close my eyes, shut my platform down and take a walk :p
  9. When the VIX hit 42 I plugged my nose and sold (to close) SPY puts and bought OCT OTM calls. Certainly not an all or nothing bet though.
  10. hehe I went to the gym around VIX 36 myself! Good to get away from the screen before I get emotional and do something stupid that isn't according to my plan.
    #10     Sep 18, 2008