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25 Oct
Posted by Sensei @ 12:40 am on Saturday, October 25th, 2008 in Leveraged ETFs, Market Comments, Trades
With sentiment indicators off the chart that at any other point in time would have produced an epic short squeeze, everyone and everything I’ve read is and was predicting a crash today and/or Monday.
Everyone everywhere online is expecting this now. They are piling into shorts even here where the indexes, inverse ETFs, the VIX an VXN both making new closing highs, all above top bollinger bands as well as doing so on declining relative strength and declining macd histograms.
The NDX is down 37% from September 1st and down 45% from the November 2007 highs.
The RUT is down also 37% from Sept 1st.
I’m wondering when all this shit is going to take over and crush the dumb money going short right here when the market is already down this far into this move.
So I ask, When will the pigs get slaughtered?
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