Thursday, January 22, 2009

Understatement of the century

From a few days ago......

"I did some research and there's an odd mix of value and over-value. IMO that leads to nominal new lows and drastic bear bounce IMO. Gonna be a choppy downtrend lower. Still some value out there. Should be interesting "

Damn up down up down.

Leads to one thing. A HUGE move coming. It will probably be to the upside with the vix being my only indicator. (in addition tops and bottoms are usually put in with these whipsaws). HOWEVER...if it's to the downside this will probably be a crash-type scenario with the vix still being my indicator.

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