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Achtung Achtung!
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Achtung Achtung!

Achtung Achtung!

by The MoleJanuary 21, 2010

Now we’re getting somewhere – I love the sight of red candles in the morning. Anyway, I have to run out for an hour but didn’t want to leave without posting this warning:

Mr. VIX is now pushing outside its 2.0 Bollinger. If it closes that far out, meaning equities don’t retrace before the bell, then we are one leg into a VIX buy signal. Which means that there will be push back from the bulls. Hey, you didn’t think it’ll be straight down from here, did ya? 😉 Don’t let greed get the better of you – if you are trading short term hedge yourself now.

Full disclosure – I just grabbed a few ITM February calls to balance out my truck loads of OTM December puts. If we push back inside the 2.0 BB before the bell I will kick them to the curb where they belong.

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About The Author
The Mole
Mole created Evil Speculator amidst the chaos of the financial crisis in early August of 2008. His vision for Evil Speculator is a refuge of reason, hands-on trading knowledge, and inspiration for traders of all ages and stripes. You can follow him and his nefarious schemes at the usual social media waterholes.
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