Thursday, May 1, 2008

VIX Levels: Heading Even Lower?

The VIX continues to surprise to the downside despite consumer confidence at 25 year lows, bad employment reports and $4.00 gas. (I filled up yesterday for $4.11 gal premium)

Another reason why to be cautious when trying to apply logic to the market.

Trade what you see, not what you think.


VIX Daily Chart:


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