TiVO CNBC Today As It Will Be Historic

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November 20, 2008

The RUT is now trading with a 3 handle!

Today is the flush most people have been waiting for.

Watch the volatility indexes, and see if anybody cries on CNBC. If nobody freaks out on TV, then this unfortunately is not overwith.

Then tomorrow maybe…maybe we have an intraday reversal. Maybe we even have a rally right out of the gate. Maybe it just gets worse. Nobody knows yet, today I’m not seeing enough downside yet. 750 SPX maybe?

I bought SDS and TZA near the open around the time when the market tried to do a little pump upwards.

SDS @ 116

TZA @ 122

and long Inverse SPX funds.


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  • http://www.stockrake.com StockRake

    Today is shaping up to be a key day that will be important to a December Santa Claus rally.

  • http://www.stockrake.com StockRake

    Sold TZA @ 126.7

    Looking for this bs bouncing to be overwith.

  • http://www.stockrake.com StockRake

    Back in TZA @ 125.32

  • http://www.stockrake.com StockRake

    Covering at gap fill…ugh…@ 117…these 3x etf's move way too fast. I get ripped up in em.

  • http://www.stockrake.com StockRake

    I just got worked on that trade.

  • http://www.stockrake.com StockRake

    Covered SDS @ 113 in case I'm wrong and we don't go down.

    Still short SPX with index funds that I can't touch till 3:30 (for my own sake).

    Now off to play some Wii.

  • http://www.stockrake.com StockRake

    Today is shaping up to be a key day that will be important to a December Santa Claus rally.

  • http://www.stockrake.com StockRake

    Sold TZA @ 126.7

    Looking for this bs bouncing to be overwith.

  • http://www.stockrake.com StockRake

    Back in TZA @ 125.32

  • http://www.stockrake.com StockRake

    Covering at gap fill…ugh…@ 117…these 3x etf's move way too fast. I get ripped up in em.

  • http://www.stockrake.com StockRake

    I just got worked on that trade.

  • http://www.stockrake.com StockRake

    Covered SDS @ 113 in case I'm wrong and we don't go down.

    Still short SPX with index funds that I can't touch till 3:30 (for my own sake).

    Now off to play some Wii.