VIX down 13.6% today

SethArb · Oct 19, 2005

buy the dip ?

thanks for the time to answer my question

reno4nook · Oct 19, 2005

that's what I'm thinking.

I'm a little hesitant to buy the S&P right after it when up 17 points.

Gonna be patient and wait for it to come down a bit.

cheers,

reno4nook · Oct 20, 2005

Just Bought S&P at support - 1190

With Crude Oil down 3% today, I'll take my chances here.

I'm willing to give it 10 days. May take profits sooner if they appear.

cheers,

blackguard · Oct 20, 2005

what instrument did you use to get into the SP at 1190?

my info shows dec ES traded down to 1192.75 only

reno4nook · Oct 20, 2005

I was quoting directly off the S&P chart, not the Dec05 futures

Strange day today, with Russell down 1% and Semis up 1.2%

Biog · Oct 20, 2005

Quote from reno4nook:

Just Bought S&P at support - 1190

With Crude Oil down 3% today, I'll take my chances here.

I'm willing to give it 10 days. May take profits sooner if they appear.

cheers,

How's that working for you?

MacroEvent · Oct 20, 2005

Liquidation in the nation!

two back to back AWESOME trade days!

screw the new VIX --- watch the TICK!

ssternlight · Oct 20, 2005

Quote from MacroEvent:

Liquidation in the nation!

two back to back AWESOME trade days!

screw the new VIX --- watch the TICK!

Yup...looking for the curb info now...

MacroEvent · Oct 20, 2005

yep --- yesterdays rally was another gift to fade at the close in a downtrending market --- and it may take some curb days to finally get the shake out needed to get a short term bottom.

reno4nook · Oct 20, 2005

Only lost 13 points on my trade so far!!

I'm willing to give it some more time.

However, it may soon be time to consider a graceful exit strategy and take a mild loss.

Today's sell off was disappointing considering Crude Oil was down over 2%.

And after droping 13% yesterday, the VIX rose 13% today.
:eek: I have no idea what that means...

This is some fun market, eh?