Thursday, September 18, 2008

VIX updates

It is a good sign to see a tail emerging in the vix, but the stochastics reading is not going under...indicating that this mayhem could possibly continue tomorrow.

I am staying away from equities either long or short for now. I sense risk on both sides....yes I am still owning puts in VIX.

Kindly note to close your puts before volatility subsides....my target is 27 to be safe.

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