Calling "The Bottom" in Financial
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They call me Mad Russian for a reason. 1P.M. $VIX is at the level not seeing from July 2002-October 2002 period. The problem is - "period" - $VIX spiked in July 2002 and vacillated in high 40th for almost 4 months. The "bravery" or "stupidity" of "bottom in financials" call should play out by today's close. |
posted by DavidDT of Trading to Win at 9/18/2008 11:56:00 AM
Comments on "Calling "The Bottom" in Financial"
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DavidDT said ... (9/18/2008 12:07 PM) :
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DavidDT said ... (9/18/2008 12:11 PM) :
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DavidDT said ... (9/18/2008 12:24 PM) :
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DavidDT said ... (9/18/2008 12:41 PM) :
post a commentAdding UNG Oct37 calls @1.60
If you wonder what I am smoking now - just cigarettes. Beside, if 10 years monthly trendline http://trading-to-win.blogspot.com/2008/07/financials-xlf-have-had-enough.html will not hold - we will not need money we made on our Anti-American Short positions and puts.
Talking to myself - not surprised in the midst of "once in the lifetime events" ( sarcastic, yes).
So, I think I will vote for McCain to be nominated "The Smartest among The Dumbest" - he just said: "FEC Cox has to be fired". I think he mentioned the words "moron' and "jail" - did he? And was McCain referring ONLY to one person?
"Any time now, any time..." :-)
VIX is 42 - I think in about 15-30 minutes it is going to fall