Stock Market Iron Condors September 6 2008

[egrab]

we're going higher this week, ala Paulson's bazooka

[optionslinebacker]

I totally agree, the Market can and often does exactly whatever it wants to do. My point in this video is that price action like what we saw on Friday ("hammer" candlestick) often shows that there is underlying buying pressure and that the short-term selloff on Thursday and Friday morning was overdone, possibly leading to a short term dead cat bounce.

[sirzuke]

It very well could "go straight down there in a matter of days" as we all saw on thursday the big boys were selling and tanked the market 300 points. The SPY could easily lose 3-5 points if we see some selling, sir.