A Voice of Old... ~ The Risk Averse Alert

Friday, October 30, 2009

A Voice of Old...

Well, if today didn't turn out looking like the first wave of a third, reasserting even more decidedly — yet still relatively calmly — the wounded call gasping, "I've fallen and I can't get up!"

(If when I turn 130 these voices in my head become a problem, remember these ring side seats where it all started.)

SPX 5-min

Look at that beautiful RSI stuck on the sell side ... and today once again never plowing deeply into extreme territory ... then regaining balance ... this as $SPX flat-lined ... Mon petit chou! ... I bid you Adieux! ... it appears a train wreck on a third wave of a third is arrived.

Yet might this too be but another false scare?

Maybe so. But has not today shown a prior day's fright, momentarily brought delight, is vulnerable to a bigger scare still? And today's ... to end the week no less! Dangerous.

What's that I hear ahead?


Fast Money
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