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Strategies & Market Trends : Longer-Term Market Trends -- Ignore unavailable to you. Want to Upgrade?


To: Perspective who wrote (1780)9/29/2008 6:01:11 PM
From: jjstingray  Respond to of 3209
 
Yes, I got long some puts when the S&P kept bumping on that lower wedge line, I needed to protect my JPM long, and glad I did, holy smokes. The option doubled in a matter of seconds.

I think the point Alan made is an important one. People keep pointing to the VIX as a barameter of fear. This chart just proves, the VIX is irrelevant in my mind and can go much higher.