One of the differences this drop from the last two three percent corrections the last couple months is the trin is not shooting up quickly right away. Not much fear yet, where before fear showed up as soon as prices fell a little bit.
am looking for a trin over 3 to signal an end to this decline. The vix is spiking quickly, which does happen when a serious correction begins, so is not as reliable an indicator for a buy.
On the other hand, the fed meets tomorrow, and they could say something early to calm markets. Isnt it sad the fed has to calm markets after a 1% drop? What can they do when the market falls 20%?
