Points out a Descending Triangle on the vxv(Volitility)
Target of that is about 22 which is Pre Crash levels...
if that happens SPX 1000 is in the cards.
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
Friday, April 10, 2009
Bill Luby and the VXV
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