Volatility’s Base

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Hey, look, I’m as pissed as anyone that the sell-off has been smothered in its crib (thanks, Gartman!) but I want to offer you this silver lining:


The VIX got up to almost 15 and then completely lost its gain……….but if this was a stock, I’d buy it. This is a beautiful basing pattern. I’m not covering until we get into the HIGH teens.