Jim are the lines correct?

once the Vix breaks the congestion above 34-35 we could be on to something

You know you can play options on the VIX, right?

look at that snap back at the DT. The bears have been patient for a long time. Looks like they're ready to kill it :)

quote:

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Originally posted by jimkane

You know you can play options on the VIX, right?

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yes

Ready for a new LOD? Can they do it?

sure looks like it

Actually, I'd be surprised if they can get a new LOD. I'm surprised they haven't gunned it up off that low. I'd prefer slow and steady. I big down day with a big dec/adv ratio, and a close on a new LOD may mini 'climax' it, and up it goes tomorrow. So I'd prefer they bounce it a bit.

Here is what makes me a bit suspicious.It's in the news: confidence waning, VIX above 30 etc...
It's almost like the broader market is expecting this to happen and is trying to price it in.

Not that I'm on the long side...

Yes, M, your observation is accurate, I think. But their plan may 'fail' if we get any truly bad news as they price what you say in and get ready to gun it right back up. And we've been a long time without any overwhelmingly bad news...

I'd like to think that, but we all know it isn't always the case :-(