darn , missed a good YM short signal 10050 level Hank , Raveonettes have a cool one coming out in may. Pretty in Black , like today maybe .
VIX at 17.74 is good news to me. i would expect we will stay above 15 for the rest of the week, unless the sp goes straight up to 1190. which i find unlikely.
Here is what I said: O.k. this is what I meant by what I said: The ES 1245.75 marked the beginning of the Bear Market. This is the Resistance area for the Stock market. To cross this level would mean that we have once again entered the irrational exuberance of the 1990's. This is hardly the case. What am I saying? The so-called Bull Market that you implied is nothing more than a bear market rally. I repeat.......This has been a Bear Market Rally Phase and nothing more. Furthermore, The gap down from 10083 to today's open of 10063 markets a major reversal point for a corrective bounce. This will be the point at which if there is going to be a bounce this is where we should see either a major resistance at the 10083 Friday close and/or the beginning point for a Fib retracement. I use Fib retracement loosely though. Now for those that don't know: YM Open = 10063 YM High = 10063 --------------------------- = Black Monday has begun. p.s. your confirmation signal is when you see the NQ fall 15pts! Then it should really get ugly. :eek:
=================== T-REX; I remeber you nickname because i always figured; the ''T=TREND-REX. I agree with 9/11 being in a bear market, but despite short tek profits closed out friday; DOW theory has SPY,DIA still in bull/main trend market. Isnt Frediie Mac/Fannie Mae government guareenteed; if not ???, as a bankers son , doubt if FED or the powers that be would let either or both fail-probably to big to fail. Have mentioned the bigger the trend like RE, generally the bigger the correction; and perhaps more foreclosures than many figured because of many over extended rookies in RE lately Good calls on your downtrend puts-SEPT and I usually dont disagree with you T-REX, thats why i was suprised.