Tuesday, October 21, 2014

So was that the crash?


$VIX:


We could just be seeing a dump to some longer-term EMA like the 50, as the beginning of a longer-term sideways market. I'm totally open to the idea of sideways, even with the new meme (as of yesterday) that the Santa Claus rally has begun.

Then again, the market going up on bad news from McDonalds and IBM and everyone else is a good sign.

In any case, according to the perspective of a guy who's short the $VIX, that was the bottom and all I have to do now is decide when to cash out. I'm not going to hold short $VIX forever.


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