Well, we certainly filled the 1027 gap, now I'd expect us to try for the 1040 level today or tomorrow. That would match up with filling the VIX gap at 29, that Monica pointed out earlier.
That might have been all the downside we get for today and tomorrow? The jobs data could go either way… causing a morning sell off, or a morning rally?
The vixes do not support that statement at the moment.
iam a bit surprised at the complacency or the lack of selling momentum today given the support levels that have broken.
LOL… too funny.
I'm sorry about that. Should I stop? 😉
Someone's trying to aggressively sell this market.
Well, we certainly filled the 1027 gap, now I'd expect us to try for the 1040 level today or tomorrow. That would match up with filling the VIX gap at 29, that Monica pointed out earlier.
That might have been all the downside we get for today and tomorrow? The jobs data could go either way… causing a morning sell off, or a morning rally?
Dow Jones resisted at yesterday's break down point
http://niftychartsandpatterns.blogspot.com/2010…
Damn the volatility bleed. S&P is up 10 points since i bought my SSO calls, and they are barely above even.
cash aint bad. Go out and enjoy the beach while you still can!
Possibly? Hard to tell right now? I'm in cash and will wait for 990 to go long, or 1070 to go short.