Thursday, October 23, 2008

10.23.08 - Retest


We are close to a retest of yesterday's lows/ S1 (SPY $87.50). Pretty strong slide. VIX amazingly at +71 again.

11:10AM PST: WAMU Auction Dissappoints and we all fall down. VIX just under 78.

12:15PM PST: We took off of a higher low and are back at the VWAP (possible resistance). Risky days.

CLOSE: Craziness!

2 comments:

Anonymous said...

Hello Jeff,,

I spent the entire day almost on the golf course,, just didnt want to play the game today, if friday is the same,, might do it again..

Mac

Jeff Pietsch CFA, Esq said...

Smarter words were never spoken!