Red

for those with bearish positions the market should turn down here if we're going lower, fate will be determined shortly
http://www.flickr.com/photos/47091634@N04/43494…

Gcocks,

Interesting. I've never traded (bought or sold) based on the VIX.

Just Added TZA at 10.56

Earl, If vix goes below 24 I am bailing

Leo,

Nerves of steel, man 🙂

Yes, it sucks… but that's trading. It's never easy. But the charts still say down.

Me too. I know it will happen but the time decay sucks.

This run up is clearly a short squeeze on the bears. I know it's tough hanging in, and hoping for a fall, so I don't blame anyone who bails… but I'm staying.

We still have a Big Bear Flag on the Daily chart, with 5 days of sideways to slightly up movement from last Thursdays' big sell off. When this move breaks to the downside, the move will be just as large…

Trading isn't for the emotional person. I know that because I used too sell out during shake out times like this. I let my emotions dictate my trading. I stick with my TA's now, and they are telling me that this is just a back test of the upper trend line on the daily chart.

I still see us falling soon… it will come.

nice call

I wanted it to go down!

Is this a good example where fundementals (Greece) override technicals? It seems you can't take your eye off the fundementals.

this is the 3rds “Greece is ok” rally. Haven't gotten far up

I can kiss my ass goodbye

I had S1 at 10.69 (calculated manually, so might be off)

Next add at 10.56