3 replies to this topic

[IYB]

Am I talking about October 3, 2011? We yes....... but also October 3, 2008.

http://stockcharts.com/c-sc/sc?s=$SPX&p=D&st=2008-09-01&en=2009-01-01&i=p99909643164&a=209406176&r=2763.png

Edited by IYB, 04 October 2011 - 07:49 AM.

[zman]

Am I talking about October 3, 2011? We yes....... but also October 3, 2008.

http://stockcharts.com/c-sc/sc?s=$SPX&p=D&st=2008-09-01&en=2009-01-01&i=p99909643164&a=209406176&r=2763.png

wow! my buddy sent me this in my email this morning....uh oh....gonna be blood in streets if this happens

[risk_management]

I was going to mention last night that your forecast could be onto something. I know there are all sorts of folks having all sorts of targets in the immediate vicinity but if you look at only price, it looks like the move is just starting. So I'll be just watching and waiting for market to hopefully give some clues. p.s. We do have divergencies in place but I think we need multiple up days in order for this trend to be reversed.

Edited by risk_management, 04 October 2011 - 08:19 AM.

[IYB]

Actually - to be clear, I am pointing out this strange coincidence of 1099.23 close on October 3, 2008 and 2011, VIX 45 both years, because it's amazing, but am NOT projecting the identical outcome here. While I am fully short into today, I'm taking partial profits this AM, and do NOT look for 850 in the next two weeks now, as then. But it is, as then, an IT decline in a Primary Bear Market....its just earlier in the Primary Cycle. The total melt down will come later ..... Good trading all, Don

Edited by IYB, 04 October 2011 - 08:29 AM.