Monday, October 6, 2008

VIX Over 56; Expect Snap Back Soon

I suspect the current level of panic is nearing a climax


Jekyll said...


Please explain why do you think that.


Bill Luby said...

Some volume-related capitulation indicators I was looking at suggested that panic trajectory was unsustainable.

While this did turn out to be a bottom, it does not mean that it will not be tested later, nor that this bottom will hold.

Notice also that the VIX is not falling as quickly as the market has been bouncing.

Anonymous said...

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