Markets are following text book technicals.....down 400 then closed UP 400 on The Dow.
Markets internals were extremely bullish....
Advancing volume & issues led decliners by more than 2 to 1 to 7 to 1......NASDAQ volume were on the BUY side......
VIX spiked UP to 80 area..highest in recent memory.....highest in 21 years......
When too many speculators are on one side of trade...it always goes against.....
Common wisdom is never right.....everyone was either selling or sold out...just when sellers were feeling good...market turns around and goes UP....to shock most !!!!
Friday is OE......looks like shorts/puts are in big trouble....VIX buyers will lose out big...
GOOG ER was a beat....UP $50
ISRG ER looking good....Up $18
BLOG does NOT give buy or sell.
Saleem
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