Tuesday, October 7, 2008

Whoa Nelly, We got a barnburner here!

Boy did I miss this. Biggest plunge in 7 years and I was long. Still there, looking for a retrace back to 1200 SPX to get out. Elliot Wave of 5 in progress, making 890 a possibility out there. VIX should come back into the 35-40 range that will show a nice bear rally.

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