BUY DIA NOW. 1 PT RISK.

10:53AM

Put/call is a high reading of 2.59

VIX is a high 33.16 reading and at the previous high made yesterday.

Reverse and go short if stopped out and risk 1 pt on that position as well.

10:54AM

DIA now 108.50

TARGET = 1.5 pts.

STAY TUNED! But I Stood Aside Tuesday, Sep 16, 2008

No trading today due to high volatility and expected FOMC news which hit at 2:15 on Tuesday.

The stock market is poised for several trades which will be low risk (1.00 pt in DIA etf), so stay tuned.

Exit Long DIA 112.31 @ 12:21PM

Ridiculous volatility. Exit.

Re-Entry LONG - DIA 111.56 12:07PM ET

VIX back up to 28.02. Put/Call a hefty 2.59.
Retesting earlier price lows in DIA.

Buy with 1.00 pt stop.
Raise stop by 0.50 pt each hour.
Exit with 1.00 pt gain.

Exit Long - 112.00 DIA

VIX dropped to under 28 (from peak near 31) and

Put/Call down to 1.72 from over 2.00.

Exit.

10:36AM

VIX Near 30, PutCall Near 2, DIA near July-Aug Lows

Long Entry 111.45 on DIA.
Risk 2.00 pts for 1 hour, 1.00 after 2 hrs, 0.00 after 3 hrs.

Will review for a sell signal later in the day.

Exit +2.00 on DIA.

10:16AM ET

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