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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.

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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