Hey, it will get to 3300 again, just not on Monday. Lately shorting into the weekend has been more lucrative than longing, so I'm sure yer safe.
Damn... 8 pages in the 11 hours I was gone to scroll through. Well... here ya go.... The whole Fib sequence thing.... its like part of the universe. Its manifested in a flower blooming. Or a spiderweb spun that you see on your deck on a dewey spring morning. It's the magic pencil. The frequency of all that is. Yes he did. These f'ing internet forums.... try signing up over at the (big) Lexus forum and asking a question about a friggin' serpentine belt. OMG... useless snobs. I mean WTF!!? Christ-almighty.... the effort some idiots spend to sound cute. Hey its a f'ing Toyota ok.... its a car. You're not a god you f'ing loser. Whatever. I'll check on WYNN.... if it went up.... the fix is in. Spell-check. I think. Come on Vol... It's B1 and his signature 120 point window of error. These can be bumped. .. Journal integrity and all. Same thing happened last Friday PM at the close B1 and look where we are now. And last but not least....
Good, bad or ugly, I'm with B1 on this (looking at the week ahead)...higher odds of a move up to 3190 first, then a sell back down to 2853 ...actually a wolfe wave if any one wants to see it just chime in..
Here`s your answer NQ... ViX short squeeze ... Posted by Banjo. https://www.zerohedge.com/markets/s...the+survival+rate+for+everyone+drops+to+zero)
Sounds as good as any other reason. Maybe slightly better. I'll confess that I am not educated enough in the ways of the $VIX to understand much less judge the story. I'll leave that to folks like you and @PoopyDeek ... In the end that move is made notable not because of a short squeeze into the weekend, but because of the size of the rally due to the average range these past few weeks. If you screen grab a 5 minute RTH ES chart and leave off the price scale, it looks no different than many other Friday charts over the years. All in proportion ... an interesting read nonetheless.
In New York, those names rhyme ... my father-in-law grew up and still lives in the Bronx. I love listening to him tell his stories.
A ton of bad news and very negative panic type headlines today . I shorted very small into close Friday . My 31 yrs of doing this says we let go next week . I’m feeling real fear . We might need a 80 vix( like 2008) and a halt day to bottom this short term . I don’t think many regular people are thinking of buying stocks right now . There worried about having enough toilet paper and soup if there quarantined .
There is going to be bad news every weekend until the elections, because of this virus and the amplifying effect of both regular and social media.. This is not just a correction, this is a new bear market we see forming. I should know, since I am long at the top.
If you act now, you can prolly still pick up a 20 pack of Scott's at your local grocery store. A bit more pricey, but damn they last forever. Especially if you eat nothing but Ramen noodles while we wait out the zombie apocalypse everyone says is coming.