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Re: coach33 post# 24223

Friday, 10/10/2008 11:34:47 AM

Friday, October 10, 2008 11:34:47 AM

Post# of 86719
Fair enough Coach and that's why 2 sides to every fence.

BUT! The market has ALWAYS, I repeat ALWAYS found a bottom on ANY RSI-5 drop under 10 and has ALWAYS rebounded from ridiculous low fear readins on the Vix. Former record of 48 now at 70.90 today. If the Vix were in play in '87, the fear reading would have been 150. But it wasn't.

Bottom. Retest. Reload.

Most retail won't be bringing 1.5 trillion back to market until 2000-3000 points higher.



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