Followers | 11 |
Posts | 2531 |
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Alias Born | 04/03/2009 |
Thursday, August 19, 2010 4:12:45 PM
I do like to use VIX even though occassionally it fools me intraday. Most of the times it is spot on so I rarely trade against it's trend intraday. Right now, the 15 minute chart is down and the 60 minute also looks down to me but still in an updraft supporting the shorts. Since I prefer to short the market right now because all the longer term charts are falling, I'll wait until its 15 minute chart turns up again.
Fridays are usually pretty low on volatility unless option expiration does something exciting. I'm not holding my breath. Hopefully, the market will make a jump in the morning so I can short again. Otherwise, I may not trade that much and start my weekend early. My puppy would like that LOL.
Cyn ~
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