Stopped Out! $1 gain

Stopped out of NYX with a 1 pt gain. Not much...but it is better than a loss.

What a difference a day makes!

The VIX is spiking as real fear enters the markets off of the Bear Sterns news. I am going to take a position in NYX again which is at 59.70 as I type this. This is the 1st of 2 buys for me. I want to avg in just in case something crazy happens over the weekend. See you monday

Still....not much to do!

Sorry for the delay in posting..but I still am not overly excited about the long side for the moment. The vix has gotten out of its upper bollinger band but not by enough for me to take action. The triangle pattern resolved to the downside and while we are bouncing b/c of fed action and sentiment, we have not negated the downside break. I think there are some great values out there but I am sticking to my dicipline. I will post when I take action. The momo continues to the downside for now