Monday, 18 March 2013

3pm update - closing hour chop

We've now seen most of the indexes claw back most of the opening declines. That puts in a secure floor for blue IV. The only issue is how high do we go in blue V. Best guess, 30/35pts..sp'1575/80, no later than early Thursday, with VIX 11s



Not much to say, other than 'at least I wasn't shorting the opening decline'.

I wonder how many bears were...urghh.

back after the close.