Tactical musings, technical timing indicators and risk management strategies
Monday, September 29, 2008
Monday pre-close Update
With the NYAD at .05, the VIX at a mind numbing 48 and the DOW off over 700 points, things could get exciting tomorrow. The only thing missing is volume, which surprisingly, is not refelctive of the uber volatility playing out today. Adam had an insightful post today on playing current conditions and it's worth a close read IMHO. It also helps explain the current bid/ask spreads (previously .01-.02, now .10-.20), as the market makers aren't sure which way the ill wind is blowing either.