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A place for friends to gather and view stock market charts, discuss technical analysis and market outlook. What is your Principal Asset? How can it be developed? Each and all should do their own due dilligence and homework before investing. And by no means should you use anything I say or show here as a sole basis to buy or sell securities as everything is for educational experience only.

Monday, October 6, 2008

Into the ABYSS....

The only question there is, "Where's the Bottom"?
The S&P 500 has pierced its 200 Monthly EMA....
But the $INDU or Dow 30 still has some room to fall to 8,800...
The VIX is over 50 and thus making Options extremely expensive and Bid/Ask Spreads WIDE. This would be a prime opportunity to sell some way out of the money option contracts on either side PUT/CALL. The premiums are unreal.......
Congratulations to the Bears ad condolences to the Bulls.....

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