Wednesday, March 28, 2012

It's Like I'm A Desert Nomad Who Has Just Discovered...


... a mirage!

Remember our friend, VIX? Check out the 3-month correlation between VIX and JRCC - pretty close if you ask me.

So if VIX pops, do we also see a JRCC jump?

So close - yet so far away as JRCC did not manage to close above its daily 50% Fib level, which means the potential for further downside still exists. Perhaps I should have waited? But you know I love jumping on treasure trunks...




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