Monday, March 23, 2009
But much More importantly: How to tell when it IS (on the VIX chart)
a) Wait till the vix breaks its rsi support (1st sign more than likely)
b) Wait till the vix breaks out and down out of its's price wedge its consolidating in (most definitive sign)
- maybe it breaks to to UPSIDE of it?...respect the wedge and play the breakout.
**This is a WEEKLY chart, so its not meant to give added probability to DAILY moves, this is more week to week (intermediate trend)**
My Weekly Calls went Flat for today.....thank goodness for that LCC long call, (offset the losses of wfmi/goog short BOTH combined) . The GLD/DBA hedge swing inflation trade, continues strong...with lots of legs left imo.
Posted by Erik at 8:26 PM