Wednesday, 6 February 2013

Volatility slips lower into the close

With the indexes managing to claw back to flat by the close, the VIX failed to hold very minor opening gains, and closed -2.3%, to settle @ 13.41 There is still marginal upside momentum, first target remains the lower end of the gap zone of 16-18.


VIX'60min



VIX'daily3


Summary

Another day where the algo-bots were more than capable of melting everything back to flat, fuelled by the POMO $...and cheer leaded by the maniacs on clown finance TV.

*I should probably just cut/paste the above, as it will probably suffice for the next few years.

After all, the POMO ain't going to stop any time soon.

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