Vix Super Spike coming

get ready for the VIX SUPER SPIKE its gonna be wild... pick a number between 100 and 150 The low to be buying will be on the intraday crash on monday! Larry P is right once again!!!

R2k down around 6%.

"Larry P is right once again!!!" It ain't happened yet! LOL

get ready for the VIX SUPER SPIKE its gonna be wild...

pick a number between 100 and 150

The low to be buying will be on the intraday crash on monday!

Larry P is right once again!!!

its not going to happen

we are bottoming as we speak

how is breaking down out of a triangle a bottom??? we broke support of the triangle and that lives a big gaping hole on the downside and leaves 7500 to be tested.

"Larry P is right once again!!!"

It ain't happened yet! LOL

Larry is a good technical analyst but still a marketer. Hits a good one every once in a while.
Do a search of the Net. Several unhappy customers. One guy lost $140000 that Larry was managing for him.

well every trader/mentor makes mistakes... this is a risky business. but I have never seen or heard someone make such precise calls as well presented as he does, hands down and with such confidence.

Have I not been calling for a Vix spike to at least 120 to flush this out ? The old vix hit 150 in 87. everything is relative though. Im just saying given market conditions and where this vix has been in recent years it just seems a given that this sucker has to spike much higher than it has thus far. And continuing from there I believe we will see an elevated vix for a long time. It ain't going back to anywhere near its recent lows the past few years. The market has changed considerably and a whole host of factors have provided enough dislocation to effect an entire reassessment of how companies will fare going forward. PS Who is larry p

Larry Pasavento, his work is worth studying. F&D

get ready for the VIX SUPER SPIKE its gonna be wild...

pick a number between 100 and 150

The low to be buying will be on the intraday crash on monday!

Larry P is right once again!!!

A super spike might still happen. It's not often the VIX stays high and the market stays at "a bottom" for everyone to get on board for a couple wks for the next bounce....lol

Art Cashin is also concerned about a 1000 point down draft that may show up.

Or fear of one more shoe to drop is holding things down, per Nouriel Roubini.

Or,
Wednesday October 22, 2008

Another Special Update

Crash In the Works?

Latest from Robin Landry is if we break this morning's low - might be a good strategy to assume the crash is underway right now; Here's his update...

The decline this am was, I believe, wave d in the triangle and now we are in the wave e rally, the target is between 8868 and 8944 before wave five down to my 5800 target for the DJIA begins. A break below the low this morning will mean the wave 5 decline has begun. As I have said many times before, the 5th wave is usually the crash wave ever since people became aware of the Elliott wave and when a new low is set they realize the wave patern is not an ABC but a fifth to new lows and the panic selling begins. I will update as conditions warrant and time permits. Do not believe the talking heads that are saying the low is in and try to catch a falling knife. The turmoil is worldwide and is just now spreading. I pray that I am wrong but each day the market seems to verify my count.

So....if we break the lows of earlier today in the next day or two of trading, might want to issue rum rations to all hands...