funkymonks - testing august low - monday, page-80

Well I just closed out my puts after a day of deliberation on the subject "will I hold just one more night"

At the end I chose to close as the HIS Volatility index hit 49.2 just before close and when it hit 50 on August 9...there was a rally..

I expect the VIX to hit 49 also tonight but would not be at all surprised on a bounce off 10800

Markets don't like vertical drops and I think the fundies might want to correct the XJO when they are back on deck tomorrow so they can uload a bit more on the bulls...

Trade what you see....