Thank God, I am disciplined …
As I mentioned … I don’t want to get involved into the Q3 end action …
And … as STUPIDITY reached new highs in the U.S. … and political Egoism stood in the way of a sound decision …
We had a BAD SHAKE OUT(a little “crash”) … down all over the board at LEAST 7%, Nasdaq even close to 11%
FDAX lost 8.5%, FESX 9.5% … AUTSCH
VIX rose to 47!!!
Yes, tomorrow we will/might see more carnage … as Q3 end will let some more jump out of the window …
But … see my reasons in yesterday’s post … I start to find these levels INTERESTING!!!
In the case, you follow my blog on a regular basis, you know, that I have been MEGA BEARISH for MOST of the TIME …
But as I see the fundamentals changing … AND REACH MY CHART LEVELS 
SORRY I am optimistic right now …
On the same time, I have to admit, that YES … to become a real buyer, I NEED SIGNALS … and YES, so far I have none …
Only SHORTS are a NO TOUCH for me here … and if I had portfolios to advise … I would start BUYING HERE!!!
On the other hand, I contemplate, starting Real Time Trading Signals as reality comes back to the markets 
Tags: bottom, discipline, Q3, stupidity, VIX
September 30th, 2008 at 10:18
it appears to be a final spike downwards…
my core pattern has brought up long setups for 19 DAX constituents by today - similar to the previous spike downwards 2 weeks ago …
not all of them will be matched, maybe even none …
but it reveals that until THURSDAY we could squeeze to 6100 / 6200 …
this is a massive setup portfolio that only appears in very special situations …
September 30th, 2008 at 10:26
agree - feels like we are in the panic mode……a day or two consolidation and then a retest would be useful…definitely not a short down here…I will be nimble around a long position
September 30th, 2008 at 10:37
dear friends,
technically we are speculating on a FALSE SIGNAL …
the DAX Index should not have fallen beneath 5840 - 5860 … but they did … !!!
What does this mean?
If a daily bar closes above ~ 5860 this is a MASSIVE BUY Signal…
It would be one of the MAJOR false signals in the markets since 2005 when they started the upmove …
LOOK AT YOUR CHARTS!
Henning
September 30th, 2008 at 10:48
… the level is 5940 - 5960 … NOT 5840 - 5860…
remember yesterday… 5940 - 5960 … then they failed to hold this level…
its not just all these lines around ~ 5800 its about symmetrics in the daily and weekly bars…
its 200 points to go, but this will be a very stable setup environment for any LONGS …
September 30th, 2008 at 12:52
@ Henning … My charts look exactly like that … BUT time will run out quickly …
September 30th, 2008 at 15:27
markets start to hate this “financial crisis” and CAPITAL HILL artists…
lets light a fire … time is a phenomenon …
today is a major turning point in the markets … 7200 in 6 months …
September 30th, 2008 at 16:18
Possible
I would like that! Even the seasonals support that 
September 30th, 2008 at 19:11
We had a monthly sell signal on the S&P and Dow prior to this for at least a two weeks. Many of the experts were aware this was coming.
September 30th, 2008 at 23:13
@ Brian … very late signal … and how can you have a MONTHLY signal within the month?