Wednesday, May 6, 2009
VIX Throwunder Ending Formation?
OK - so translate my VIX post from yesterday and you get that we needed one more pop down and here it is. K was looking for the push to the 32 range and here we are. Now whether the MM's want to push the VIX under 30 is another story. This is a good indicator that we're topping (at least for a brief pullback). May be interesting that this happens right before the buy the rumor sell the news on the stressless tests.