Tuesday, September 16, 2008

Fear of getting squeezed

Fear of getting squeezed is in the air. I think we will test pre-market lows on ES after the Fed.

7 comments by xTrenders :

IC said...

Well Sol today is certainly a puzzler, clearly even for you. Best wishes for your trading decisions, good luck.

PCP said...

1220 touched.

Shawn said...

Sol/Atilla,

Have you thought of the possibility of IT bottom? VIX reached the reversal level, opened high today and plunge.

Although the fear level seem less panic than previous bottoms. Thanks

sahmtrader said...

Sol, are you still holding SKF? Some weird trading happening that is affecting it. Do you plan to close that position? Thanks.

illiac64 said...

Doesn't look like an IT bottom to me. They were selling AAPL, GOOG, AMZN, EBAY and APPL with both hands today.

We might have a run on the NDX tomorrow.

admin said...

There will be a huge gap down tomorrow

SKF is going to 165 in a few

sahmtrader said...

That was amazing. Lucked out. I added a third to my SKF position after hours, averaging down, and my sell order had been in all afternoon, for 165. All for it Sol. Thank you for taking the time.