VIX down 13.6% today

Discussion in 'Trading' started by reno4nook, Oct 19, 2005.

  1. buy the dip ?

    thanks for the time to answer my question

    :)
     
    #11     Oct 19, 2005
  2. 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,
     
    #12     Oct 19, 2005
  3. 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,
     
    #13     Oct 20, 2005
  4. what instrument did you use to get into the SP at 1190?

    my info shows dec ES traded down to 1192.75 only
     
    #14     Oct 20, 2005
  5. 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%
     
    #15     Oct 20, 2005
  6. Biog

    Biog


    How's that working for you?
     
    #16     Oct 20, 2005
  7. Liquidation in the nation!

    two back to back AWESOME trade days! :D


    screw the new VIX --- watch the TICK! :)
     
    #17     Oct 20, 2005
  8. Yup...looking for the curb info now...
     
    #18     Oct 20, 2005
  9. 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.
     
    #19     Oct 20, 2005
  10. 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?
     
    #20     Oct 20, 2005