Wednesday, April 1, 2009
VIX Setting Up For The Perfect Storm
Wow. I could not have drawn it up better myself. If VIX can get down to that 42 level or even 41 at EOD and if PCR data can continue to move to the call side, we will be setup for a very clear short opportunity. Today longs win, as expected. But after today, lookout. But lets wait for what the close gives us. If market moves down from here today, I don't see the big bang coming.