S&P 500 - Oct 21, 2008

charts courtesy of stockcharts.com

Despite the 30 point down, this was, in my books, another non-event, low volume, muted action in the broader market. Notice the MACD is latching.

This is the VIX chart we used to ponder the possibility of a top (in VIX) on Oct. 16. That proved to be correct. It's been falling nicely, still high, but encouraging.Will it bounce here? If so, will it make a lower high?

So, another day, another trade and nothing more.