Certainly looks like a short term bottom. Lots of volume, some dojis--and possible morning stars if tomorrow is an up day--formed. Lots of gaps down. And the VIX was amazingly high, not to mention the NYSE Bullish Percent Index dropped to 10.97%, which hasn't been seen since I don't know when (I don't have a free chart that goes back past 2000); it definitely dropped below the January lows. Stocks above their 50 and 150 fell very, very low. They are near or at the 2002/03 lows (again I have a cheapy free chart that only goes back to 2000). All of this signals a possible up turn.
But who knows, it could continue to go to shit too.
Anyone in the RO close to breaking $1 mil today DT?
ReplyDeleteThe RO is up, but nothing crazy. In fact, people are giving back from their highs.
ReplyDeleteTrader D was up over $100gs, now up $80gs. No one else close.
Close should be crazy though.
-DT
Certainly looks like a short term bottom. Lots of volume, some dojis--and possible morning stars if tomorrow is an up day--formed. Lots of gaps down. And the VIX was amazingly high, not to mention the NYSE Bullish Percent Index dropped to 10.97%, which hasn't been seen since I don't know when (I don't have a free chart that goes back past 2000); it definitely dropped below the January lows. Stocks above their 50 and 150 fell very, very low. They are near or at the 2002/03 lows (again I have a cheapy free chart that only goes back to 2000). All of this signals a possible up turn.
ReplyDeleteBut who knows, it could continue to go to shit too.
Good luck. Hope you did well today.