SPDR S&P 500 (SPY)

[mr_cassandra]

I could see a bounce for sure but there's a lot of stuff that just ain't there yet as far as an IT bottom in a time frame of weeks to months hence.

$vix is still very complacent and so is $cpce. I don't watch $cpc because of the index options distortion ala scammans rule of 3.

The net new lows have been falling but they can go a lot lower depending on the external events. Couple example times were 1998 collapse of LTCM , 911 , and the first eruption of the subprime crisis in August 2007. My opinion is that subprime (continuing for sure) and oil price effect on 'everything' is of the same serious genre.




You CAN time the market!

But only after you trash the big 3 myths.

Myth 1 - its possible to get every point of every move
...Myth 2 - you'll never have a drawdown
......Myth 3 - you'll never have a loss