SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : S&P Midcap 400 Portfolio (^MID, MDY)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Londo who started this subject7/23/2002 1:49:46 AM
From: Londo   of 181
 
Two observations:

1. REIT's have taken a 30% beating over the past couple months of trading. I notice most message boards have 'strong sell' sentiments written all over them; this implies that there should be a decent 50-60% retracement in order to purge the short sellers, and then it should continue the descent. Not for this portfolio, but for real life, I'll try to time this.

2. Likewise, the volatility index has reached 49% (the S&P 100 implied volatility is the ^VIX), which is the highest it's been since the WTC. If this exceeds that threshold (i.e. heading up to 60% or so), this could seriously imply that "the" bottom of bottoms have been hit.

I don't think it'll make it all the way up to 60%, but there is a good chance it can make its way up to 55%, which would imply that the markets are due for some sort of relief rally soon. There's no way that the index traders can trade these volatilities without some form of countertrend.

I'm going to draw a line in the sand, and say Nasdaq 1160.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News