7 replies to this topic

[TechMan]

So, here we are at 6:53am on Friday, the 11th of March in Riyadh, Saudi Arabia, the Day of Rage. Judging from my bullish Options Analyzer as well as the mere 1.66 rise of the VIX on a selloff like today, most traders appeared to have been too complacent. I believe the likely scenario of sporadic protests contained mostly in the eastern regions of Saudi Arabia has already been priced in. Most experts believe Saudi Arabia government is more than capable of dealing with any protest swiftly and efficiently since it has a very reliable track record of being one of the worst human rights offenders in the world. Unless something surprising happens, this day should come and go without much fuss. However, if something surprising does happen, then....

Edited by TechMan, 10 March 2011 - 10:56 PM.

[tommyt]

Unless something surprising happens, this day should come and go without much fuss. However, if something surprising does happen, then.... are you long or short based on this summary?

[TechMan]

are you long or short based on this summary?

This info does not alter my bearish bias as well as the bearish course of the market whatsoever. As I have stated repeatedly, this "past" rally had already run its course regardless of incidents in the middle east, far east, or just the east coast.

Just curious…. Have I not been consistent about my bearish bias? Have I not made myself clear that I'm bearish. I had stopped carrying long positions overnight, I had called this correction "Not An Ordinary Correction", and I had just called for imminent "big plunges" on both Tuesday and Wednesday based on my ETF Analyzer formation. These have all been posted right here on this forum.

What else can a man do?

BTW, JJC, regarding your "Funny Thing" thread about they can all "squeeze" you in when the market's down and the econ's slow, that's what my nanny said to me last night too.

[TechMan]

Futures are suddenly dropping.... I wonder what's going on. There's been no new development from Saudi Arabia so far.

8.8 earthquake in Japan? North Korea using EMP bombs?

Edited by TechMan, 11 March 2011 - 01:37 AM.

[dcengr]

day of rage news got superceded by earth quake news...

[TechMan]

day of rage news got superceded by earth quake news...

And now it's after 4:00pm in Riyadh, and the Day of Rage did appear to have come and gone without much fuss, or rage.... Meanwhile it's after 10:00pm in Tokyo....

Edited by TechMan, 11 March 2011 - 08:14 AM.

[thespookyone]

"What else can a man do?" Well, you could type in all caps and throw out numbers in a 30 point SPX range-and include a crash scenario-it's hard to be wrong that way Thanks for your posts, I always read them with great interest.

[xtrader]

"What else can a man do?"

Well, you could type in all caps and throw out numbers in a 30 point SPX range-and include a crash scenario-it's hard to be wrong that way

Thanks for your posts, I always read them with great interest.

hahaha so true.. so true...