Well, here we are exactly where we are supposed to be. As per my posts the last several weeks i expected a panic low around the 15th, 1210-1211 or the other number i gave 1177. im long 2 es at 1177 and holding over nite. The news all day was horrible , even scary. the vix got over 30, and my downside number has been achieved. I went 100% my 401k at the close today.Is this a significant bottom? ALLthe pieces seem in place, but a rate cut by the fed would help. Time will tell.
look where big volume spike is from yesterday.....it begins at 1210 area..up into the 1215....va low happens to be there......tricky spot for longs.....
Hit 1217 exactly as it should have, gotta go 2 work, see ya manana!