1.22.2008

VIX Pops and drops...



Ok, as projected, the VIX made a big move. You see, those VIX FEB call options were important...Increased VIX call buying without VIX price movement was the clue...

Now, after hitting 37, the VIX is retreating...Back to fill 21ish area would be a good entry to short/sell yet again...

tb

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