VIX - VXZ Front Month / Monthly
VIX - VXZ Front Month / Monthly

A Gap 10 Handles below - Weekly and Monthly Chart which is of concern
for the Bulls.
Delta remains the trade in the
Extensions in Trade, this can become an exponential move barring no
Monkey Business from the Operators, ESF, and FED.
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The 54.04% move Higher was the 4th largest move since the inception of the
2021 - 61.44%
2007 - 64.22%
2018 - 115.60%
For the Point move, 10 Handles ranks 18th, 2020 was 1st @ 24.86 Points.
Statistically, the percentage move on Friday is an extreme outlier.
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Price Left a lower Gap 10 Points below.
Implied
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For Historical reference - the
Baseline
At the time I was working at Drexel and will never forget how Investors began
selling
was Friday.
Nervousness appeared the following Monday AM briefing @ 5 AM. John Jetter asked
the team to contact clients and reduce exposure to
Monday did not end well for those who did not heed his strategy.
The
This was THE largest single Daily move in Market
The One Day wonder turned into the largest Bloodbath in History for Bulls and
sellers of
They were decimated, the Magellan Fund took its largest 2 Day loss ever. Small
Caos were raked - defeating the individual investors had inherent advantages
over large institutions Thesis.
Theories do jump out of High rises in a Lifetime of Investing.
Leverage was not an issue then as it is now.
It sets a preamble for enormous declines, the Potential for them.