I think a retest of 1200 is likely too Dread, and I plan on shorting at that point too. I'm not sure if it will reach that level today or tomorrow, but I hope today.
The fed's speak tomorrow at 2:15 for the rate decision. Not that I think they will raise rates, but “what” they say might be the reason for more selling.
Carl at day’s end:
1198-1210 estimate for today (12 points)
1177.50–1208 actual today (30.50 points)
Carl did ok on the high, missed the low. Didn’t anticipate the news event.
Trade: No trades today.
Grade: C (made no money)
hip hip hooray is all I have to say! Finally! Sold 3/4 of my SPY 119 puts but still have all of my 122 puts.
here was the setup that gave the $SPX the powerful move into the close
http://www.flickr.com/photos/47091634@N04/45581…
yellow containment held $SPX during 4.22 low, backtest of yellow containment & the subsequent flush
speculative capital is lined up 100 wide with the exit door being single file
all those suckers that thought 4.19 low ended the “reaction” are ignorant of basic mathematics
At this point, I know if there will even be a bounce tomorrow morning?
this is beautiful to watch speculative capital get harvested!!!!!!!
this is it's de-leverage pt. originating from it's 2.5.2010 high
Was that a fake print, or just the area you charted?
$VIX de-leverage pt. = 24.63
I think a retest of 1200 is likely too Dread, and I plan on shorting at that point too. I'm not sure if it will reach that level today or tomorrow, but I hope today.
The fed's speak tomorrow at 2:15 for the rate decision. Not that I think they will raise rates, but “what” they say might be the reason for more selling.