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Wave Trading with Gio

Gio
Joined Jul 30, 2008
2,107 Blog Posts

Vix 50.08

Gio Fri Mar 6, 2009 3:18am EST 3 Comments

As requested, here’s the FAZ trade using the VIX on Thursday’s selloff.  Vix 50.08 was an intraday point for market to selloff.  I’m not sure if that’s an important spot for swing trading since the VIX is still stuck in some muddy channel.  Anyway, so far, VIX under 50 has lead to some good squeezes.  Today, it was above the point that gave us another leg lower in the markets, sending FAZ as high as 104, and FAS into capitulation levels…

FAZ heads to triple digits.


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3 comments

  1. Pete44
    Pete44
    March 6, 2009 at 6:11 am

    thanks Gio good stuff

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  2. ZMoose12
    ZMoose12
    March 6, 2009 at 7:16 am

    This is why I didn’t post about the VIX =P

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  3. poor old man
    poor old man
    March 9, 2009 at 4:50 am

    Oh right, if we’re gonna rally of a lower opening, then it’s showtime.

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