tag:blogger.com,1999:blog-12333088.post1374160792190194043..comments2023-11-10T05:07:19.026-05:00Comments on Carl Futia: Guesstimates on June 27, 8:20 am ETCarl Futiahttp://www.blogger.com/profile/01624989905417650273noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-12333088.post-9935804880609079452008-06-27T20:28:00.000-04:002008-06-27T20:28:00.000-04:00Hi, I would just like to add that implied volatili...Hi, I would just like to add that implied volatility in the FX markets has been sold off very hard this past week while equities have declined. The most liquid FX implied vol curves have all steepened and even the carry trade pairs such as AUDJPY have seen vols come off considerably.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12333088.post-41616187303115398252008-06-27T14:44:00.000-04:002008-06-27T14:44:00.000-04:00Carl, you are the man once again. We'll see if th...Carl, you are the man once again. We'll see if the 1272 support holds on a retest after a short rally.<BR/><BR/>Thanks again for all you great work.<BR/><BR/>Regards,<BR/><BR/>SamSamhttps://www.blogger.com/profile/12563328771923008248noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-54236199827945504812008-06-27T11:54:00.000-04:002008-06-27T11:54:00.000-04:001.40 is a pretty bold statement, any hints on the ...1.40 is a pretty bold statement, any hints on the time span ? the Euro is still in a very strong position and i wouldn't short it for the long pull yet, but appreciate your view on the market. Cheers.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12333088.post-12638499177395151982008-06-27T09:44:00.000-04:002008-06-27T09:44:00.000-04:00All this side movement for euro in the zone 1.5300...All this side movement for euro in the zone 1.5300-1.5800 i think is a preparation for new highs level fifth wave at the zone 1.6250...<BR/>Best Regards and congrats for the excellent blog,<BR/>Dimitris ,<BR/>Athens-GreeceAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-12333088.post-73816080177951655102008-06-27T09:22:00.000-04:002008-06-27T09:22:00.000-04:00Euro moving down to 1.40 , Gold up to 1000, Silver...Euro moving down to 1.40 , Gold up to 1000, Silver down to 14.0. I simply don't get it.Dear readers pls do not bother to say how stupid I am.Regards.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12333088.post-1701027655873797812008-06-27T09:09:00.000-04:002008-06-27T09:09:00.000-04:00March low is not going to hold... not sure why you...March low is not going to hold... not sure why you keep thinking like that... look at $DJI, March low, even Jan low didn't mean anything technical significant... it just chop right through it... we are going down, is bear market... I don't expect drop stop until DOW break 10,000 and spx probably go toward 1080...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12333088.post-47081631946718138192008-06-27T08:58:00.000-04:002008-06-27T08:58:00.000-04:00You will not see the panic levels on the vix, as w...You will not see the panic levels on the vix, as we are not in a panic. Just a sell-off, and 1250 WILL hold. Low shd be in and around 1270-1275 ... almost there.<BR/><BR/>Rick B.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12333088.post-73771076342979251102008-06-27T08:43:00.000-04:002008-06-27T08:43:00.000-04:00great blog here ! I commented about the vix and ex...great blog here ! I commented about the vix and exchange volume as well as put calls not showing the kind of panic extremes they need to in the enivorment we are in. That was 2 days before the fed meeting. Even with the sell off yesterday these things aren't at true panic levels. I am bullish longer term so in the big context these things won't matter but in the short term I beleive we are headed to a minimuim of 1220 probably 1175 though. We may get a small bounce 1-2 % between here and next thurday but that is probably going to set up a great shorting opportunity. I think your target of 1250 is to conservative here. Every bottom has seen the spy trade at around 500 mil in share volume since the august low in 2007. I think that is something to watch contrary to popular beleif high volume sell offs are bullish and indicate true panic. That and the vix are the 2 great indicators of true panic. Unfortunately we aren't there.Anonymousnoreply@blogger.com