Thursday, October 09, 2014

That dreaded whole number…


Since the beginning of July I was targeting SPX 2000

The Magic of Whole Numbers AKA SPX2000 

as a turning point, I did not try to “prognosticate” as “when it will happen” in spite of me being huge fan of DeMark indicators and some of longer term timeframe were pointing to Sep/Oct as a major peak. I guess it is happening now, even though SPX is only about 100 points off its highs – my long term puts bought when SPX above 2000 performing admirably due to VIX explosion.

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