This is the story of a champion
Runners at the mark and they pop the gun
Stand up, Stand up
here he comes
Tell me what it takes to be #1
Tell me what it takes to be #1
-Kanye West

Below is a chart of the Volatility index ($VIX). The $VIX is up 5.12 as I write at 51.47. Watch for the $VIX to break out of the upper channel which I have highlighted on the chart.

The VIX

————————————————————————————————————————————–
In my last display of trader art, the 10 year (ZN M9) was stopped out.

The first attempt at entry did not work. The second attempt may work. Small risks for big rewards. That’s how we roll. When we Trade the Picture.

Peace

Trader Art 1/^+*

“All energy flows according to the whims of the great magnet.”
-Hunter S. Thompson

There he goes. One of God’s own prototypes. A high-powered mutant of some kind never even considered for mass production. Too weird to live, and too rare to die.
-Raoul Duke
Fear and Loathing in Las Vegas

There is lots of bad news hitting the futures this Sunday evening. American International Group (AIG) is being extended another 30 billion. What a joke. This is nothing but another attempt to resuscitate a patient that has clearly flat lined beyond any possible recovery. The mathematics are facing their implications in the world of AIG. On September 15th, the governor of New York said AIG is financially sound. Where is he now? This AIG news looks to be the catalyst for the next big move. Move which way? Move down in equities, but more importantly, move up in Volatility. Were you short the crash of 2008? Are you short for the crash of 2009?

Peace

Watchout