VIX hit over 55 and put/call is over 2.2 =
TOTAL FEAR
Likely "rubber band" bounce from here.
Risk = 1.00 DIA pt.
Potential = 2.00-3.00 DIA pts.
11:00AM now (I started typing at 10:57)
Monday, October 6, 2008
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Developed by Timothy R West, a twenty year veteran market technician, this blog is dedicated to the US stock market indexes for intraday timing for defined risk entries and exits. The systematic approach will typically find 1 to 3 trades per day that can be expected to yield 2% to 10% returns per month.
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