My Vix theory nails this reversal yet again.
There has still yet to have some volume to back this rally, but so far I see a lot of stocks reversing. The key was waiting for the Vix to finally reverse.
MasterCard Incorporated [[ma]]
American Express Company [[axp]]
Goldman Sachs Group, Inc. [[gs]]
Morgan Stanley [[ms]]
… too many to mention. [[skf]] and [[fxp]] should get hit hard. Lots of imbalance.
Update: The HUGE drop in SKF in the past 10 minutes signals more fear for a bounce. There is more people expecting a relief rally, therefore these relief rallies will not be as powerful as we wish… they should come when they are not expected. SKF…. what a stock.
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My grammar is bad when in rushing I’m.
What a rollercoaster! Big money can be made in SKF and FXP. Those are the ONLY TWO stocks you should be trading if you’re a day traader.
HANS to make a 10 footer today.
Bottom fishing and FEAR, occuring at the same time. But I still see a lot of fishing from retail investors.
A better day would have been for the day to start off down, then gap up. There’s TOO MUCH EXPECTATION for a bounce… hence, we get it and its premature.
Right on.
I will reset my Vix charts tonight. I dont know who still has the balls to buy, but right now whats more surprising is people still saying to buy this dip. When I say to buy a dip, I want to be one of a handful.
Anyone buying PALM into earnings …. sposta being doing well …Danny?
Its very important that the market closes up +200 on the Dow today. hahaha. If not, buy FXP on this dip.
You’ve totally nailed it GIO and helped me make money.