Panic today

Panic selling today. No crash. If we close above the lows of this morning I think the intermediate low is in.

the worst is over, bottom in place, watch the sky mode

IT bottom to me too

NDX still hasn't tagged 900...

 

Still thinking we see that before all is said and done, possibly by tomorrow morning.

 

Only a move above Dow 21700 now will start to change that view...

VIX will be heading for a standard flameout......this time around they hit the 3rd highest daily RSI ever.

Edited by LMF, 16 March 2020 - 11:40 AM.

RUT is one sick puppy still....

 

terrible relative action today...

Will Meade on Twitter

Very good chance US stock markets will be closed Wednesday through Friday. I would guess they give announcement tonight.

Getting ready to catch a falling knife today.

They shouldnt be opening these markets when the deadman knows the circuit breaker will be hit during the first 5 minutes of trading. That aint no market......its something else. The honest truth is the NY mob bosses should be just about ready to bust the door down at the NYSE......its a takeover. Kindergarten is over buddies.....

Edited by LMF, 16 March 2020 - 12:44 PM.

They shouldnt be opening these markets when the deadman knows the circuit breaker will be hit during the first 5 minutes of trading. That aint no market......its something else. The honest truth is the NY mob bosses should be just about ready to bust the door down at the NYSE......its a takeover. Kindergarten is over buddies.....

Other than the gap down, market has traded pretty normally and predictably today. Stalled out exactly where the chart said was most likely.

 

It is the last hour and a half the might get crazy today.....

 

might finally hit the 13% limit.

 

And if it gets crazy enough, the 20% last half hour.

 

If that happened, would likely be pretty close to major swing bottom.

 

Watch VIX over next hour or so, IF it takes out 80, things could get dicey into the close.