VIX Sub 50 drop

Discussion in 'Trading' started by MrktObserver4u, Dec 18, 2008.

  1. R U in your mind? What pushed you to make such a prediction. Everything was pointing down.

    I would be good if you tell us why you thought what you thought. I have never understood why people buy at top or when the upside is not there to downside.
     
    #31     Dec 18, 2008
  2. Low is in for the day, bulls will rule the rest of the day.
     
    #32     Dec 18, 2008
  3. on what reasoning?

     
    #33     Dec 18, 2008
  4. According to the pit noise
     
    #34     Dec 18, 2008
  5. Illum

    Illum

    Ill fade the pit then, not only did s1 fail on recent run up, but this auto deal is the 800 lb gorilla. See you at s2, and a vix unchanged
     
    #35     Dec 18, 2008
  6. Come to think of it, you are the guy who didn't know why volume was so low the other thursday and had no clue it was contract rollover day and now you make this call with zero reasoning (and get proven wrong very quickly).

    I don't think you are a serious market participant at all.

     
    #36     Dec 18, 2008
  7. Everyone seems to forget we're in a BEAR MARKET - therefore if you're trading in and out of positions, the easy trade is to not fight the market, you're either short or you have no position - to quote Gartman's rules of trading.

    Doesn't help either that we were in a rising wedge and we're on the cusp of breaking the lower barrier of that = more downside to come.
     
    #37     Dec 18, 2008

  8. Sorry, pit noise reversed in the mean time !
     
    #38     Dec 18, 2008
  9. What, it got super quiet! LOL

     
    #39     Dec 18, 2008

  10. I heard Goldman and Lehman brothers offering huge size !!!
     
    #40     Dec 18, 2008