John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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John Pitera

To: bruwin who wrote (17161)	8/23/2015 6:37:21 AM
From: The Ox	1 Recommendation of 33421

No, was away from the action but happened to look in before heading to the golf course! It was a perfect day for golf but I see it wasn't the best day for the markets. Massive volume everywhere I'm looking, especially in things like VXX/XIV. Pretty dramatic from the charts and I'm sure it was even more so for those caught flat footed by the 2 day decline. Next few days should be mighty interesting. My initial reaction is that this looks VERY overdone and oversold but one has to respect the size and speed of the decline. Some serious money changed hands, that's for sure.

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