We finally had some capitulation today. The market rolled over, all ten S&P sectors were down greater than 1% today. The VIX, our trusty measure of volatility, approached the 30% level. This is what we have been waiting for. If you get a big down open tomorrow, and then a monster rally, you need to buy it. This strategy has worked in the past and should work again. Please review the chart above. The VIX is finally approaching 30, we're not there yet, but certainly today's trade scared a lot of people. That's what creates a bottom. Good Luck.
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