Never see such bloody day

SPU sept puts bought a week ago are looking good! Look for paper to get long in the 1330 area if 1380 does not hold

 

The Dow went from 12000 to 14000 in 4 months it went parabolic, this is the aftermath, and equal fall, 12000 is coming up may get a bounce.

 

I predicted down 200. Much worse than I thought.

 

ha, rebounce is here

 

<i>"08-16-07 01:04 PM
Yes, seen this many times before from 2000 - 2002. Big squeeze potential into the close... could be parabolic tape. Today and/or tomorrow likely to squeeze real hard in relief only"</i>

No surprises today... just business as usual.

105 contracts turned

 

4 months of +2% in a row is now called an unsustainable parabolic upward move? And 10% down moves are now market crashes and the end of the world?

The markets I know have two directions, this is just how it goes.

 

Waiting for all the bandwagon shorts to panic and cover to reenter short. 1450 - 1475 area looks good.