Friday, September 12, 2008

DIA 113.87 Friday 1:52PM ET

VIX is up over 26 today, up 2 pts from yesterday's low and now up 7 from the low in mid-August. Put/call activity is in puts, indicating hedging and fear building a base under stocks here.

As I type the DIA is up to 114.13. It doesn't take much time to move these days.

I see upside of 1-2 pts in DIA with 0.75 pts risk.

114.07 Last @ 1:55PM ET

Tim

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