This is a blog on my perspective of market direction
Thursday, November 20, 2008
VIX has yet tested 90
For the past 2 hours, market looks like it's going to turn bullish. I'll say we need $VIX to hit 90 and reverse before any substantial rally could hold.
A reminder for myself:
DO NOT TRADE THE LONG SIDE UNTIL THERE IS TWO UP DAYS IN A ROW. IT IS STILL COUNTER TREND.
There are plenty of shorts idea around which are late to the party!
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