Last 90 minutes saw a complete reversal in all indices erasing all losses & closing green in all index......
Reversal was on extremely high volume.....
VIX went to 29.22 then closed @ 26.11.....
Internals were on the healthy side.....
Lot of reasons were "trumpeted for this slide" BUT the reality of turnaround was very clear....RSI went to extreme oversold conditions..so a snap back was clearly evident......
This IS wall street old game ...take it UP & bring it DOWN @ will.........
By noon Saturday..I will list buy rated stocks.
BLOG does NOT give buy or sell.
Saleem
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