I was reading something about the vix. The problem with the vix as an indicator is that it's a lagging indicator... besides chart patterns and a recognition of the level of volatility.
this week there are still redemptions going on..
here is my retest...Lets see this make a new high and play it for a pop.... Could be a reversal... But.....
Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.
J. P. Morgan
Wednesday, October 15, 2008
The Vix
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