[11:16:43 AM] Tim West says: I am very close to a "VIX HAS FALLEN TOO FAR" signal to go the opposite way
[11:16:59 AM] Tim West says: VIX is down o 45 from 50 at 10am...vs 55 yesrday
[11:18:50 AM] Tim West says: 10 point moves in VIX are pretty rare = a sign of extreme changes of opinion
[11:19:44 AM] Tim West says: and a 15 point move from yesterday's high of 60 in VIX = even more extreme
[11:20:11 AM] Tim West says: extreme changes in opinion can leave a vacuum under price action
DIA @ 96, now 95.84 over this time frame....
SELL SHORT DIA, 96.40 stop, vs 95.90 last
TARGET 95.00 (gain of 0.90 pt)
11:24AM NOW
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2 comments:
I neglected to put a time stop on this signal = after 30 minutes, reduce stop to break-even. Because if it wont break, then we should buy it. If it is THAT STRONG then it means more upside.
11:55AM
this was a loss of 95.90 to 96.20 or a loss of 0.30 on this trade
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