the line has been tested many times, maybe the breakout is for real?
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Tom McClellan, today
“The recent story about low readings for the spot VIX Index is well-reported. What has escaped the attention of many is that prices are now finally coming down for VIX futures at the long end of the maturity spectrum.” http://www.mcoscillator.com/learning_ce ... omplacent/
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Translated- Sell off until London/Frankfort close. Take long lunch. Come back for power hour buying spree. Rinse and repeat as long as central bankers keep printing that carry trade money.
well, guess that's it for today. Tuesday has been very very bull friendly although the first trading after the Presidents' Day tends to be bearish. thank you guys, i'll see you in another thread soon.
please don't forget our weekly sentiment poll which will be posted right after the close.
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