This bull looks like he's ready to fall over and die! LOL. Some how I don't see any rallying back up tomorrow, as they had their chance today. I do believe we have more selling coming.
Sundancer, is that 115.58 tick from 3-24 also meet with your trendline support?
HOD on $VIX =25.70
I will be forced to lighten up some inventory should the $VIX penetrate 31.51 area
I'll post a chart tomorrow showing the TL which correlates with the DIA tick of 118.16
Carl at day’s end:
1178-1192 estimate for today (14 points)
1164.25–1185.50 actual today (21.25 points)
Carl didn’t anticipate the drop today.
Trades: In /ES at 1197.50 from yesterday, sold it today at 1190 (loss of 7.50)
Grade: D (lost some money)
SPY sequence 2 of TL's
http://www.flickr.com/photos/47091634@N04/45788…
the 7 pt. reaction @ the end of the day occurred with the hit of the red TL
The SPY 115.58 tick is going to correlate with the Blue TL which was @ 115.45 today
Gap on all indexes qqqq, spy dia spy spx but no gap on vix??? humm.
it's below them, so it will have to be an intra-day spike below the TL's if it's going to be a terminal pt.
This bull looks like he's ready to fall over and die! LOL. Some how I don't see any rallying back up tomorrow, as they had their chance today. I do believe we have more selling coming.
Sundancer, is that 115.58 tick from 3-24 also meet with your trendline support?
I'm short again, with a 116/108 put spread…
Indeed…let the fun begin…
for those trading IWM
67.39 de-leverage pt. established 4.1.2010