Thursday, October 9, 2008

VIX Ahoy

So, we didn't have any type of bounce off the AUDJPY recovery support trend line. If you were watching the DOW or the NIKKEI you knew what was happening.

At the same time we have a new high water mark in the VIX. Look at that thing. I mean, seriously?

The only thing I can really point to that may be encouraging is that these higher VIX levels don't seem to be equating to lower lows in the currency markets. Well, let me be cautious, not yet anyway.

Strap on your life preserver and wade on in. You might just catch a wave going in your direction... just know when to get off of it!

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