Friday, January 4, 2008

VIX and Bollinger Bands

Market is getting crushed! I am glad that sticking to discipline has saved a few % pts(in the short term at least. The 1430 level has been filled today off of the poor jobs #. One thing I really like to focus on in terms of dipping my toe back in the market is using the VIX and bolloinger bands. When the VIX get outside of its upper band, this usually tells me that selling is getting a bit overdone. Unfortunately we are not there yet. I will post when we are and some actions that I might take. Happy trading and please leave some comments!!

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