The market opened gap down again.
Is this the final panic selling or more selling to go yet.
VIX are overbought. Is the specialist trying to trap short on this gap down?
I will be away from my desk entire morning.
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ooops, i got in on the wrong day.
ReplyDeletei dont remember such an over night drop in a long time. there was somethign on a weekend but we rallied hard off of that.
sitting tight for now.
resubtr
I exited all my shorts this morning. On the side lines for now.
ReplyDeleteNo matter what happens in the next few days, the VIX needs to retest 25 to 27 area again.
ReplyDeleteThis means the market could go back up for retracement.