panic buying --> vol rising


SPOT vix up a cool 2.4 points today....

remember vol can increase as prices blow off...certainly feels thats whats underway...

so till realized vol percolates....i think the Vol moving higher is indicative of these momentum blow offs higher and will continue....

are long in the tooth? you betcha....so does that music stop tomorrow? or friday pre labor day? or a month from now?  i dont know...but lets take it a day at a time and follow the realized vol in conjunction with the microland setups...

i will call music stopping when realized vol throttles up, and micorland patterns break down or hit all those upside objectives....



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