Just made an interesting discovery, that led to an even more interesting discovery. I’ve been watching the VIX calls, and in fact am very happily invested in the August 25’s at .50.  Last night, someone pointed out that the in the money calls were trading below intrinsic value.  A few minutes ago, with the index … continue reading →

Do You Feel Lucky?

Two days ago [Intra-day July 26] I wrote about an Inverse Head & Shoulders pattern developing in VIX.  I thought it would take us to 21.66, which it did — hitting 23.99 today. I know what you’re thinking.  Was that the only H&S; worth watching?  Well, to tell you the truth, in all this excitement … continue reading →

Intra-day: July 27, 2011

UPDATE:  1:00 PM PDT Here’s the dollar vs stocks graph we’ve been watching.  As we discussed, the dollar seems to have found its footing, while capitulation has officially arrived in the stock market. 1 Minute 60 Minute UPDATE:  12:00 PM PDT Forgot to mention the Head and Shoulders patterns we discussed yesterday.  VIX hit 22.53, … continue reading →

Happy New Year!

And, in recognition of the various nationalities who’ve checked in here lately… Bonne année,  Sun nien fai lok,  xin nian kuai le,  gelukkig nieuwjaar, šťastný nový rok, yeni yılınız kutlu olsun, glückliches neues Jahr,  Szczesliwego Nowego Roku,  Stastny Novy Rok,  un an nou fericit,    Felice Anno Nuovo, Feliz año nuevo, С Новым Годом,  nav … continue reading →

Intra-day: July 26, 2011

UPDATE:  11:25 AM PDT The market’s making it’s daily recovery attempt.  The past two days, we’ve seen an 88.6% Fibonacci retracement of the previous day’s high.  While the rally could run out of gas sooner, today’s 88.6% level is 1342.16.  It would also mark the completion of a bearish crab pattern. UPDATE:  9:50 AM PDT … continue reading →