Tuesday, March 30, 2010

Fear factor and SPY (Screaming Short!)

Look at the last minute over throw on the Russell before the "crisis" it was an amazing short squeeze.  

You won't believe it if I just show you.  Go look at it.

Some commentators are expecting a blowoff...the final insult and injury to bears.   Blow them out of positions, and the reverse down, all in like 1.5 hours.  

The SPY if really right at the 61 Fib.   Amazing no one has been mentioning this.  I guess Fibs don't mean much in front of the printing presses.   A hundred occasions in the past have looked good to short.  This is another one.

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Insightful and Useful Comment!