Probably Jim… it depends on where we are at that time. I may wait until Tuesday morning, as it could carry over until then. But a nice rally back up should start sometime Tuesday I believe. I need to see the capitulation occur.
It could happen at the end of the day on Monday, or early Tuesday morning and then a big reversal like February the 5th was. Just have too wait and see.
The vixes are not supporting this as a sell off. No selling conviction.
Bulls trying hard to defend 10100
http://niftychartsandpatterns.blogspot.com/2010…
I'm thinking it will take about a week to work down there, like it did from 1180ish to 1040.
Probably Jim… it depends on where we are at that time. I may wait until Tuesday morning, as it could carry over until then. But a nice rally back up should start sometime Tuesday I believe. I need to see the capitulation occur.
It could happen at the end of the day on Monday, or early Tuesday morning and then a big reversal like February the 5th was. Just have too wait and see.
my thoughts exactly.
You are going to get out of shorts???? On Monday??
YOU TOO!
Yes Monica,
I agree. I don't know what we will hit, but I look for a capitulation day on Monday. I'll get out probably at the end of the day.
Why does my account make less on down days then it loses on up days! argh.
Don't worry Jim, there's more selling coming. Hang tight.