Elevated volatility indexes on average favor the bulls, so putting on shorts at such levels is a low probability trade. If you are a bear, better to wait for VIX etc. to drop below the 10 day MA, especially for swing-trade bears. The spin du jour is: "U.S. stocks rose, sparing the Standard & Poor's 500 Index from its worst January ever, after the nation's largest bond insurer said it expects to keep its AAA credit rating." - Bloomberg.com
Thursday, January 31, 2008
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4 comments:
this market is just being pulled strongly in so many directions right now...GOOG tanking after hours, wonder if we give all these gains up tomorrow?
any thought on cot.
Buy Gary's subscription. It is money well spent.
Cot has never proved to be a reliable trading tool by itself.
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