Monday, October 3, 2011

$VIX and futures

At the end of the day Futures ended down with a mighty splash!, and since 7p.m eastern time they have remained flat.  This move in what seems to be wave 1 of wave 5 down has just started... we should bounce in the morning since we made a new low in the $SPX and that bounce should be the 2nd wave up in wave 5.. and sometime tomorrow around early afternoon from what I can tell we should start the 3 of 3 of 5 down...  Looking at the dow I see 10,500 as a possible low, but others are calling 10,300 , In the $SPX I am looking for 1070-1050... others are looking from 1048-1065.... from the selling pressure at the end of the day... its possible that we fall even further...and I would not be surprised if we do not fall further... Rr, I have changed my turn date back to the 11-14th and I even have possibity of going into NOV..TZA took off like a rocket too... up over $8 so look at the Russel next stop that I have for tza is $80 .. let me know what you think... gotta run... have a good night guys and gals..>L