Morning update (2):
Shades of a turnaround? NQ is back above 1749 while bonds drop. The two year is slightly negative. SPX is back above 1225. This is an opening to create a short squeeze, if that is the plan. Bulls can't fumble here. Watch 1760.25 on any bounce above 1749. The VIX is 14% above its 10 dma, another extreme.
Shades of a turnaround? NQ is back above 1749 while bonds drop. The two year is slightly negative. SPX is back above 1225. This is an opening to create a short squeeze, if that is the plan. Bulls can't fumble here. Watch 1760.25 on any bounce above 1749. The VIX is 14% above its 10 dma, another extreme.
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on Friday, September 05, 2008 at 9/05/2008 11:38:00 AM.
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