The Lows Are In

I believe the lows for the day and week are in.

6 comments:

Onlooker said...

Excellent SPY buy Tsachy. Put buying was high on the ISE and I know that emotional part of my brain was screaming SELL!

Lots of bearishness out there too. Gotta work some of that off before another leg down to possibly break through that 1040 level.

We'll have to see where sentiment lies as we test the 1100-ish area.

Onlooker said...

Gotta get through 1085 here first though. Taking nothing for granted at this point, myself.

Gutsy call though. Hope it holds, as I am long also.

Anonymous said...

I believe we close at or near the lows and gap up Tuesday.

Anonymous said...

Careful picking up those nickels Tsachy!

JD

http://workbench.cadenhead.org/media/caterpillar-d9-bulldozer.jpg

Tsachy Mishal said...

I think there is 20-30 points upside in the S&P 500.

Anonymous said...

USD went up and Silver shooting down. Have to be careful playing with the H&S looming in SPX which is in no-man's land. I am short silver and gold from Friday and added this morning.