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VIXed
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VIXed

VIXed

by The MoleFebruary 19, 2009

UPDATE 11:53am EST: This must have been the first full eight hours of sleep I got in a long time.

There are some economic announcements starting at 10:00am and spread throughout the day:

Mr. VIX bounced off of its 2.0 Bollinger and is now resting around 47 – was closer to 45 for a while. You can see that I actually started to count the waves on it recently, but am not exactly sure if we see a larger drop here. Doesn’t matter too much as the damn thing has been broken recently and did not keep up with the drops we saw in equities.

Dollar softer today – Gold holding – Crude higher. Should be an interesting OpEx close.

UPDATE 10:35am EST: Note that we’ve been bouncing around in this chop zone for three days now – typical option expiration week madness.

Of course, as I stated yesterday, the MMs love it here and are happy to drive the tape up and down over and over. I’m like Switzerland (without the snow) – neutral – and watching.

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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