red,
one stat that alluded me was the nyse short interest – it is the lowest since the lehman bros collapse. that bodes the question – where will be the natural buying in the market as it accelerates to the downside???
The volume on the spy is about 145 million now, and it’s almost 2pm. That’s not what I’d call “panic” selling. We need 200 million plus for a real down move to cause enough panic for a follow through the next day. At this rate, we’ll barely hit that 200 million level by the close.
Needless to say, I think this “isn’t” the start of the big move down we have all been waiting for. I do expect a hard rally back from this over the next few days. Bears rejoice today, because these gangsters are likely to erase it all before the week ends.
The levels to watch for significance are 6% 12% 18%. 6% means keep an eye distribution is starting,
12 and 18% are intensifying levels.
Today for a while we hit 3)5 which I have not seen in years maybe since 2000 crash. If this holds things coyuld get bloody. I think the Middle east africa are just the excuse.
Jim, I assume you meant 35%, not 3)5…
http://img708.imageshack.us/img708/6494/62819147.jpg
red,
one stat that alluded me was the nyse short interest – it is the lowest since the lehman bros collapse. that bodes the question – where will be the natural buying in the market as it accelerates to the downside???
http://www.zerohedge.com/article/nyse-short-interest-lowest-level-years-who-will-be-bid
The volume on the spy is about 145 million now, and it’s almost 2pm. That’s not what I’d call “panic” selling. We need 200 million plus for a real down move to cause enough panic for a follow through the next day. At this rate, we’ll barely hit that 200 million level by the close.
Needless to say, I think this “isn’t” the start of the big move down we have all been waiting for. I do expect a hard rally back from this over the next few days. Bears rejoice today, because these gangsters are likely to erase it all before the week ends.
I’m not seeing those prints?
and another…..
The levels to watch for significance are 6% 12% 18%. 6% means keep an eye distribution is starting,
12 and 18% are intensifying levels.
Today for a while we hit 3)5 which I have not seen in years maybe since 2000 crash. If this holds things coyuld get bloody. I think the Middle east africa are just the excuse.
poor bastard
That’s too close to the Friday close I believe, meaning it’s probably a late fill.
134.60ish