All the selling... Is this all they got?

The selling volume nor the magnitude of the declines could exceed any of the previous sell offs since the Fed day. Whatever they were trying to price ahead of the demise of EU or Fed's incapacity to institute another QE should be priced by now... Buy some puts, but don't speculate, the trend is still up, imho...

Edited by arbman, 28 June 2012 - 11:51 AM.

certainly we would expect to see a volume spike while we are looking for selling exhaustion or an end to the selling, but without it ..........the selling will likely continue until we get a spike. no spike means there's a lot of bulls out there that have yet to let go. although the short term 'June 1st/4th low trend.... is up,... the longer term trend is still bearish.

Edited by Mr Dev, 28 June 2012 - 12:28 PM.

certainly we would expect to see a volume spike while we are looking for selling exhaustion or an end to the selling,

but without it ..........the selling will likely continue until we get a spike. no spike means there's a lot of bulls out there that have yet to let go.

although the short term 'June 1st/4th low trend.... is up,... the longer term trend is still bearish.

Tech broke the lows, the consumer discretionary is kind of following, the financials are barely holding the lows. It is not bullish for intermediate term, but short term can still reverse to the upside. I am keeping a neutral position with slight bullish bias. If that 1280 gap goes, this market will trend lower furiously to 1250 or so probably...

I am not sure about the sentiment, if this is still a trading range until August, there are more than enough bears, if the up trend is broken, meaning the 35 wk cycle peaked at a lower high at the Fed meeting, this is going to conclude much much lower, possibly below 1100, there is not so much bears to squeeze another 100 pointer on their money probably...

Heh... made money... again.