I wouldn't call it a capitulation low, but buyers certainly jumped all over it. At least some sort of rally looks like it's on the cards.
Interesting, certainly in view of POO & POG.
Sheesh! I drop missus off for an appointment in town (bad idea at peak hour in CheltenhamI'm 20 minutes delayed here but the SPY looks like it might give the low at 1257 a crack before too long!
Dow opened down 100pts down, recovered those 100pts, went down another 100pts and recovered those 100pts. Roller coaster. Time still for the XAO to recover too. Too early to call.Love it. Any of the "We follow the DOW" boys like to explain today's and yesterdays nasty falls INSPITE of the DOW action?????????
:sheep:
Dow opened down 100pts down, recovered those 100pts, went down another 100pts and recovered those 100pts. Roller coaster. Time still for the XAO to recover too. Too early to call.
Did I say that?You cannot be serious? So now we trade the same intraday pattern as the DOW!
You cannot be serious?
Did I say that?
That was in fact the point of the post (and a very well made one indeed, too I might add TH).WTF TH, your chart is upside down.
Yowza!!
I wonder what an XAO in the 4000's will do to sentiment?
A nice spike in the VIX overnight. Could the NFP report give us the catalyst for a capitulation bottom tonight? At least for this leg down of the current bear market?
If you consider the other times the VIX has spiked you would think that it has to get upto around 30, its only gone up 1.5 to 25.5.
It's gotta happen one day. One day.....................Lets see the Banks lead us out of hell here. Maybe not today but thats what I'm looking at. A bank lead recovery.
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