Nice movement on the VIX today. We had a spike of 11%, however the market only fell about 100 points on the Dow. This tells me the market will fall again since the bulls are trying to buy up premature dips. Relative to its current position, the VIX can move violently between 22-25. In practice, I would be more confident buying with VIX closer to 22, and selling/shorting at VIX closer to 25. VIX currently trades at 23.80 so the market still has a way to go down. Buy on the panic, therefore, wait for next spike up on VIX. I’ll give it a 7-8% range to make an aggressive buy. For now, the only moves I made were to add to current shorts. There’s a lot of signs being shown in idividual stocks that shows the market is weakening. Take a look at PEET’s pattern… strong a failed attempt to gain back its August highs is the same tale of the overall market. Meanwhile, it’s good to keep in mind that the market is full of relief rallies, so on the next panic, make sure you buy. An 11% jump on the VIX is quite significant.
(what an ugly chart)
Anyway, hope your weekend was better than mine. I got jacked at the beach. Man, I feel so violated right now. Lost my phone, wallet, keys, watch… I feel naked. Actually, they weren’t my keys, I borrowed my friend’s car, but it was a total pain in the butt getting the spare key since she was in Los Angeles. I hope whoever stole my stuff finds God real fast, because strangely, I pity a person who lives life that way. What I lost was material, what he lost a long time ago was his dignity. Well anyway, lesson learned. At least I can get a new driver’s license now that my hideous looking one is gone. Time to go cheer myself up. Anyone of you out there got your stuff jacked?
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Both times I visited Hawaii I got ripped off. Once while swimming in the ocean the car was broken into. The other time I was sleeping in a tent at a campground (I was young and dumb and poor) and someone came in during the night and stole my stuff. I have not been back since then.
Sorry Gio.
I know the feeling.
Thought someone Jacked my wallet in Vegas a couple weeks ago and went into a near panic.
Luckily for me, I found it later.
Being a cop, seen it too many times. Dont be mad or be a victim. Be glad your not a scumbag… It’s just stuff!
Can i borrow your gun. 😉
so sorry, i totally understand.
too many times in the baltimore and dc area have i ‘lost’ stuff. i used to have dreams of catching the guy/girl in the act with the final image me beating the crap out of the guy/girl (i would not discriminate).
caught “the guy” in the act overseas once, beat the crap out of him but not before i acquired a big scar in the process. spent the next two days in and out of an overseas police station wiggling out of the situation.
i will never pursue such a situation again – someone wants my shit when i am not looking, it is theirs. but i am more careful about where i leave my shit these days.
Gio speaks of the VIX, all is well with the universe.
Crazy shit man, get an android phone, cancel all your shit. I had my Alpine stolen out of my car one time when I was sleeping like 40 ft away.
I am really stoked about this VIX talk. Its like crazy moon science.
The VIX is quite powerful. get used to the inverse patterns with the market. If you believe the market is moved by emotions, the VIX will impress you.
Had my car broken into. Thought I hadn’t brought anything of value with me – until I got home. They got my wallet. I called one of my cards and they told me the thieves bought $25 worth of “hoagies and shit at Wawa.
That was stupid, I hope. We’ll see what the DVR shows. But the damage to my car will be the most expensive part. Except for the time and aggravation.