rocky mountain thigh wednesday, page-7

Hi Mongo,
Not sure how to explain the VIX action atm, looks like crisis fatigue or complacency, after waiting so long for a crash people no longer prepared to pay such a premium for insurance. Either way last nights candle looks a bit bottomy, though without a great deal of conviction. USD looks like it has broken a triple top, perhaps you are looking at a daily which has yet to update? Its difficult to be ultra bearish on equities given the amount of gloom already priced in, plus the US economy looking relatively strong. But strength in US dollar ought to be bad for some of the more speculative risk assets. I am currently long USD, perhaps it is finally time to short gold once the AUD levels out a bit?