Rumors of derivatives in Hong Kong. Today’s reversal from -566, allowed us to avoid the ominous “Dow Theory sell signal.”
Watch what happens in Asia tonight.
Oil’s rebound is what drove today’s rally.
Had we broke 1,801 on the SPY, there would’ve been dragons in these lands.
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Why should it stop here? What has changed today? Nothing I can see.
i’m supposed to be excited about down 244. okay. LOLZ
Down less than 2% is the new up.
And then ya gotta start somewhere.
More bear carcasses to come.
It sounds like he’s saying there’s some large derivatives held here that are tied to the Hong Kong market. Am I misinterpreting him? Thanks for clearing that up.
I WANT DRAGONS!
Art Cashin is a GOD.