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Intra-Day Update: Monster VIX

Intra-Day Update: Monster VIX

by The MoleOctober 20, 2008

UPDATE 9:56am EDT: Now THAT is a high VIX!

The TOS data provider is having a teeny bit of a data problem today πŸ˜‰

UPDATE 11:22am EDT: It seems the WSJ now buys into our (and other EW technican’s) count of this secular bear market. Note that they start the count at the 2000 peak. Wow – when did that happen? Are WSJ editors reading our blog? πŸ˜‰

UPDATE 2:23pm EDT: I used the market rip to load up as the VIX was dropping a bit. Here’s what I’m holding right now: ACE, AMZN, BIDU, CCJ, CNI, FSLR, GILD, GOOG, MA, MON, NKE, POT, PX. Many of those suckers are way overbought – and I got 1/2 of them at the peak. Let’s see how the rest of today unfolds.

UPDATE Closing Bell: Man, that was weird – this rally was running on extremely little volume, but just kept chugging upwards. Almost feels like it had a schedule going – seems fake and driven by institutions. I kept on adding positions on the way up – I don’t buy this one for a second. In particular since the TNX ended on a black marabuzo – the smart money is flowing back into treasuries.

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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