todays volatility would have wiped out a lot of people. and thats precisely what the volatility waves are designed to do.
if your short bonds... take care.. that 114 zone held...and it looks like support on daily charts. as most try to pick tops in the bond market, the stops will be run.
I see what you are seeing Spectre. If this is true then bonds will see 121 before seeing 110. Thanks and good trading.
sidenote... Will Smiths... depressive dark movie opens this weekend... Omega Man remake. lets see what Monday will bring. http://movies.yahoo.com/movie/18097...qtv-s.47874859-,4686337-10300-qtv-s.47874868-
Yeah, interesting. Connect the 10/11 high with the 10/31 high and today's 1486 close could also indicate a buy. Also, run a Fibonacci fan from the 10/11 high to the 11/26 low and you get another support line at 1486. I think most people (including me) are pretty bearish after this idiotic Chinese fire drill the Fed has been running the last couple of days but maybe we're at a sentiment low.
Hey Spectre, what is a movie opening, is that one of those things you go to before you have kids? I canât seem to remember. I think I would go crazy without my Plasma and HD. Everyone: I started a new poll thread about the direction of the SPX. Just for fun, but I would like to see where the sentiment is now that we are exactly in the middle of our range. Please vote: http://www.elitetrader.com/vb/showthread.php?s=&threadid=111821