sp'60min
Summary
Something of a recovery rally into the close, but still..it was a day for the bears.
From a pure cyclical perspective, we were due a down wave today..but I sure didn't expect it quite this strong, with even the Dow -160pts or so at the low.
As it is..cyclically..we're now due an up wave..and in theory..it could last across tomorrow and much of Thursday.
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I should note, I am thankful to hear from some of you today, it is nice to know someone is out there reading my semi-coherent ramblings.
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*I hold long overnight..line in the sand is around R2K 1080.
more later..on the VIX