Noon update:
Lots of noise, but pessimism has grown to levels that could set up a nice Thanskgiving rally. ISE currently at 82, a very low level. The VIX, of course, is definitely ready for a drop. If you want to buy calls, take them at least out to January, as the vol. drop on Dec will eat up any profits.
ES held an important tets at 1447.50.
I like DELL here, holding its 200 ema at 26.44.
Lots of noise, but pessimism has grown to levels that could set up a nice Thanskgiving rally. ISE currently at 82, a very low level. The VIX, of course, is definitely ready for a drop. If you want to buy calls, take them at least out to January, as the vol. drop on Dec will eat up any profits.
ES held an important tets at 1447.50.
I like DELL here, holding its 200 ema at 26.44.
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on Friday, November 16, 2007 at 11/16/2007 11:48:00 AM.
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