Sunday, August 5, 2012
5 Aug 2012
The VIX still has a little room to fall and remains subdued underneath the long term resistance trendline I pointed out on Friday. This is bullish until its not. Considering we don't have clear signals of being overbought or oversold, the current situation is risky, and generally, not worth large taking risks to either side. I will let you know as soon as this bipolar market ends and gives some clarity.
"Even in a time of elephantine vanity and greed, one never has to look far to see the campfires of gentle people."
at 2:54 PM