3309 Drysdale Ct
Edwardsville, IL 62025
so it seems we finally will get that spike on the vix....
typical washout spikes on the VIX are upper 30's and 40's.
If we need to see 40's, gonna have to wait until after
Also lately futures have been up overnight then weaken in
morning and throughout the day. For a good bottom wold be best to
see the market futures VERY negative overnight and on the open,
then recover, vs what we have been seeing. So the best thing
guys unfortunately is to have a big down open on Wed, that causes a
VIX spike into the 40's, then reverse in the morning
With the VIX this high, could we be in C down instead of A down
in an ABC correction.
I don't think so, but I'll let Steve chime on that one. Anyway
think about this, if this is A down, then tells you just how low
the markets could go next year during the bear market.
It would be one huge A, what would you expect for a B bounce of
A is about complete 2500-2700.
Thanks, I need to get rid of a few longs
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