Thursday, September 18, 2008

DIA 107.29 @ 2:57PM

Put-Call 2.26, VIX 38.4

VIX peaked at 42 and with it the DIA reversed up 3 pts from the low, which is equal to a move of 300 Dow points.

Time to buy:

Since VIX has peaked on the day, buy the DIA with a 1 pt stop.

Exit on a gap up of more than 1.00 pts tomorrow.

Hold overnight.

107.29-.30 now

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