VIX Backtest – 100608

The VIX has quickly backtested the channel line breakdown.  That’s a good spot to exit QID.  QID and SDS have both overshot their 20 day moving averages here.  I’m thinking the employment numbers tomorrow morning are already baked into the market, and will hold some QLD long. That’s just a gut call. I also bought some of the new 3x TNA.