Whoosh

Was that "The Whoosh" lower or just "A Whoosh" lower? Is this just a bounce in a selling stampede or is the selling stampede framework not valid? A good case can be made both ways. We saw some decent panic at the lows today. One would think that those lows should hold for at least a day. Have a good night.

 

3 comments:

Anonymous said...

Just bc  of the 200 day SMA on the SPX I would not be surprised if the  market driver released some bullish news tomorrow.

Anonymous said...

VIX finaly showed fear. Purchases from today on should be rewarded shortly.

Anonymous said...

this is the opposite of when weblogs were posting shorting the uptrend in late 2010 off excessive bullish sentiment.  market complexion has changed.  welcome to the era of planned markets with the S&P a 4th derivative instrument off everything else.  trends persist.  countertrend trades should be held no more than a day.