Its O, as is Oh @#$%, or Oooops.   Every O tallies a significant breakdown in the broad market.  I’ve been counting them since the January.

VIX 20 is just an arbitrary number that sets an alert in my mind to watch carefully the sentiment in the market.  As we know, VIX numbers don’t really mean anything, it’s the “spikes” in the VIX that signal panic or greed.

Today market down and VIX is up.   Let’s give it another O.

That beautiful inverse correlation…


Short-term bottom 16:


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s