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More bear market action. The real sellers dump the up moves and phoney buyers try to convince suckers to buy market the following day...
Outta my Longs from yesterday. Nice brick.Jack
Interesting...I expect SPX to go lower than 1100 this week yet.
This is an option expiry week. Put to call ratio on ETFs for major indexes is approximately 2:1. It appears that many bears have already been capitulated or "liquidated" with today's "rally". Will bulls be next?
More bear market action. The real sellers dump the up moves and phoney buyers try to convince suckers to buy market the following day...
ReplyDeleteOutta my Longs from yesterday. Nice brick.
ReplyDeleteJack
Interesting...I expect SPX to go lower than 1100 this week yet.
ReplyDeleteThis is an option expiry week. Put to call ratio on ETFs for major indexes is approximately 2:1. It appears that many bears have already been capitulated or "liquidated" with today's "rally". Will bulls be next?
ReplyDelete