Friday, October 17, 2008

Buy Signal - 1/2 Size

Buy signal - not as good as yesterday - but nothing will ever be as good as yesterday again -

VIX is up to the 75-80 level where it consolidated yesterday -

and put/call is over 1.20, which shows people buying puts at elevated VIX levels = fear

VIX is up 5 from the 70 level up to 75 level, which is a good sign that fear is up, but only up to the level where it was yesterday.

The drop on the opening today in DIA only put us back to the acceleration zone from yesterday afternoon, which is a support area.

As I've typed this from 10:36AM to 10:48AM the ESz8 has rallied from 937 to 950+ so the entry window is behind us now... so I'll review and find a way to enter this trade.

10:50AM now...

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