Monday, December 28, 2009

Time for a correction

The S&P 500 has been up for 5 days in a row. Most of the time it looks like there has been a small sag in the afternoon.   Time for a little correction.  Bought SDS  (2X short S&P) at 34.34 the  time was 1:37PM  EST.


click to enlarge

It looks pretty minor in retrospect, but I took the bump up in VIX at around 1:00pm as an indication that S&P would come out of its flat-line mode and fear would have the upper hand for a while.

Sold at 34.53 @ 2:26PM  EST

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