Can't post a chart now, but its there. TRINQ is at 5+
60 min put/call flying.
VIX/VXN going ballistic.
With all that Volume isn't that impressive actually.
Yes, 60 min charts looking down, but I wouldn't trust them in this volatility. Could swing hard either way.
Possible Positve MCO divergence on NDX.
Started by
ogm
, Sep 29 2008 10:56 AM
4 replies to this topic
#2
GreatWarrior
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Posted 29 September 2008 - 11:03 AM
TRINQ is at 5+
60 min put/call flying.
VIX/VXN going ballistic.
Yes OGM. I am with you. VIX has done a superb job in predicting market next move, and right now it is screaming a potential short term bottom soon. Buying QLd ...
#3
SandStorm
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Posted 29 September 2008 - 11:12 AM
Can't post a chart now, but its there. TRINQ is at 5+
60 min put/call flying.
VIX/VXN going ballistic.
With all that Volume isn't that impressive actually.
Yes, 60 min charts looking down, but I wouldn't trust them in this volatility. Could swing hard either way.
I bought some ultra long hedges this morning but immediately they went underwater. lol
However, I think you are right we are due for some kind of bounce.
#4
ogm
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Posted 29 September 2008 - 11:30 AM
Just to make it clear, I'm not going all out crazy on longs here. And I still have some shorts left. And I'm about 70% in cash.
This is an extremly different market and environment from the usual. This market can plunge into a freefall easily. Keep that in mind.
#5
SandStorm
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Posted 29 September 2008 - 12:35 PM
I hear ya. I am only buying to hedge.
Look at commodities. They can still move double digit down even though many were already down better than 50%. What a carnage.
I took CLF and AGU off my "super turds" list, though they are still turds. lol
Only FSLR, MON, CF (substitute for POT - thanx) remain. IB asked me to buy-in SWN. @#$x!
Edited by SandStorm, 29 September 2008 - 12:36 PM.
