What'd you think about this market King? Not necessarily interested in direction, but in volatility. If vol catches a bid, correlations will be very high and this market will have to be traded MUCH differently than i am anticipating. If we don't get any big distribution days and correlations continue to unwind, we will be in a spreaders market!
yearly spx blue line ,something to watch if we rally,we need a bubble like the dot com and real estate to break it
I sort of agree with Mav, the problem with news is that you don't really know what the mkt pays attention to, I would like to see this mkt cheaper from a value side, I don't think the euro issue is over, that said a 15 vix is not improbable I would be building a long vol position under that. On a side note Buy1 is correct you should have a max as % of account but that is another topic. Good trading all.
Not sure I understand your question. My back of the napkin ACD analysis was we would test and fail at the monthly A down and then more then likely test and fail at the monthly A up. I think we will trade in a 50 handle range this month.