Friday, August 13, 2010

Keep watching the VIX.

Decline pauses for a bit, but the move is just getting started IMHO....

Update 2:00 Central Time:

Intraday Bollinger bands very narrow, Put/call favors a bottom here, definite tug of war between bulls and bears, but I'm staying short for now...small chance I could be wrong...

Update 2:25 Central Time:

Just sold my short positions, can always re-enter...I still think we're in a bearish configuration but wanted to protect profits for now..

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