I am not sure whether the rally will continue, it should have closed above 1180 to confirm it, but i think those traders purposely dropped it below that level.
Overall, the VIX is showing that fear is now present in the market, any small news may disturb the market in either direction.
I will not place bets at this level.
2 comments:
why you stop to comments on BAC? Did you sell it w/ a loss?
I traded BAC. I am bagholding a few bought at $11.40.
I did bought some at $12.1 the other day, and sold them at $12.5. I bought again at $11.4 and sold them at $11.80.
Now I will aim to buy at $11.2 and may keep for the long term.
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