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Friday, September 16, 2011 10:33:57 AM
KLIC ST Short Sale of 5000 shares@9.21 - This trade is based on the fact that volatility has fallen so much over the last week. When a volatility index stretches more than 10% above or below its 10 day sma it will generally reverse direction as will the market in general in the opposite direction.
This is a dangerous trade in many other ways as the market is rallying in the face of a great deal of pessimism. The kind of pessimism that can lead to a long term bottom. So far though the market action has not supported that formation in my humble opinion.
RtS
This is a dangerous trade in many other ways as the market is rallying in the face of a great deal of pessimism. The kind of pessimism that can lead to a long term bottom. So far though the market action has not supported that formation in my humble opinion.
RtS
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