The long expected move has finally started - the price action speaks volume as weeks of low VIX were wiped out on a single day. The Uranus Saturn opposition worked as expected - as market turns happen within a few days after the exact position is reached. we will have more clues with the weekly close as we head for month end as well. at least the 30 level is a save call to make for the short term next 3-4 weeks. some sentiment indicators have reached insane levels and we can expect a substantial move but the manipulators will try to keep the bull campaign alive medium term to unload their big long lines but for the next weeks we can concentrate on playing the short side for stocks and long for VIX.
Tuesday, April 27, 2010
VIX weekly update - game on
The long expected move has finally started - the price action speaks volume as weeks of low VIX were wiped out on a single day. The Uranus Saturn opposition worked as expected - as market turns happen within a few days after the exact position is reached. we will have more clues with the weekly close as we head for month end as well. at least the 30 level is a save call to make for the short term next 3-4 weeks. some sentiment indicators have reached insane levels and we can expect a substantial move but the manipulators will try to keep the bull campaign alive medium term to unload their big long lines but for the next weeks we can concentrate on playing the short side for stocks and long for VIX.
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