No bounce... Flash crash.. We are way oversold at this point, but we were way oversold all the way down to 666 in 2008. I closed out the rest of my position in VXX. The only thing I have done today was catch a bounce in AAPL, and practice trading the ES in my Sim account. Keep your powder dry and if you are super brave you can try and pick up some large caps stocks for a bounce. I am happy to be mostly in cash. Please guys be careful.
May 20, 2010
So Much For the Bounce
No bounce... Flash crash.. We are way oversold at this point, but we were way oversold all the way down to 666 in 2008. I closed out the rest of my position in VXX. The only thing I have done today was catch a bounce in AAPL, and practice trading the ES in my Sim account. Keep your powder dry and if you are super brave you can try and pick up some large caps stocks for a bounce. I am happy to be mostly in cash. Please guys be careful.
