10.22.2008

MORE MIDDAY


Market getting pummeled - and for all those who shorted the various pullups - congrats as that has continuously been the trade on down days- and I just closed out my DXD - and will wait for another pull up to short.


NYSE- 2100 net losers;

NAZ- 1700 net losers;

NDX/OEX- 15 GREEN;


VIX- higher by 17%- at 62;


Simply waiting for another opportunity to put it out- seems like the big selloff is happening a bit early.


2 Comments:

Blogger iv said...

And I think that big selloff will not happen because lots of the big selloff guys are ready to buy in the last hour today...just my 2 cents we will see.

2:12 PM  
Blogger DAVID said...

IV- You may have something there- but dont look for it too last too long- I suspect if we do get a "decent" rally- we can sell it later- and win again

2:28 PM  

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