DepewTube: Is A Short-Term Low In?

Kevin Depew  Oct 09, 2008 12:33 pm

DepewTube: Is A Short-Term Low In?
 
Markets, movers and more.
 

 
Kevin says he believes probabilities favor a short-term low in the market being in as long as the S&P 500 is above 960. Tomorrow's settlement of the Lehman Brothers credit default swaps could create some fireworks, but the passing of the event could see some de-icing among credit markets.

Rate this article:  (0 Votes)
Comments (2) See All Comments »
10-09-2008, 1:55 pm
Despite the huge drop in the DOW, it has been an orderly decline with no huge volume even when it was sinking 800 points in 1 day.

Maybe it takes a 1,000 point drop with huge volume - but likely not until the depth of the recession can
Read More
10-09-2008, 1:58 pm
Look at any long-term chart, for any general index, and it is graphically obvious that the current bear thrust is over-extended. otoh, there is no catalyst to kick off Snapper (it ought to be middlin' huge.) Kevin... could be right - I suppose
Read More
discuss this article and more on the mv exchange
Position in SPX.

Get real-time options trading ideas from Steve Smith, veteran options trader and newsletter author, plus let him show you the way to cut risk and boost your returns through the strategic use of options.  Click here for a free 14 day trial to OptionSmith by Steve Smith.



The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2009 Minyanville Media, Inc. All Rights Reserved.

Ticker Talk
Popular Tickers:
SPX »AMZN »F »
Select
  •  
Talk Now
Share this Talk on your site:
Send us your feedback

Our Professors

rss article alert