Yesterday Was A Buy

Posted on Fr 17 August 2007 in misc • 1 min read

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    Alright, I'm guilty of catching a falling knife but my S&P500 volatility model flashed a BUY signal yesterday. I moved cash into our 401k's yesterday but don't worry, there will be more knife catching opportunities soon (maybe even today).

    The S&P500 traded over 5 billion shares yesterday, wow. People are in panic mode, everyone is selling just because everyone is selling. I still have a lot of cash on hand and I'll be watching my model for key buy points.  There's a high probability that I'll be riding this trend down and will have some nice losses to recover from.

    SPX 081608