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.
Thursday, September 18, 2008
Subscribe to:
Post Comments (Atom)
blog comments powered by Disqus