It's fashionable to disregard low VIX readings these days, but here we are again at decade lows. Last time we went down there was April 12th and the DOW dropped a cool 500 points soon after, so I would not dismiss this repeat event. Yes, the DOW was in a bear flag at the time, but it is now in a rising wedge, which can be just as bearish. Just in case, we are short over the weekend.
This entry was posted
on Friday, June 17, 2005 at 10:23 AM.
