Zeev's Turnips Patch-No Politics (ZEEV)

[Zeev Hed]

That reading in the vix yesterday was just enough to give us the bounce I expected here, #msg-710582. Don't be surprised if we do not even reach the bottom of the range 1357/77 suggested, the VIX completely collapsed today and is a long way from the 50/55 area where one could expect a much better run. The VIX by itself is not a very good measure of turning points, you just cannot rely on its absolute value.

By the way, you should understand that it is impossible for me to respond to every post posted to me.

Zeev