So I’m taking a random walk down Wall Street yesterday afternoon and ironically who do I run into? None other than legendary Technician Ralph Acampora. I said hello, we chatted for a little while and then went our separate ways. Later on in the day I come to find out that, like the market, it wasn’t random at all. He had just finished up an interview with Maria Bartiromo behind the giant statue of George Washington across from the exchange.
Ralph makes some great points about buying opportunities that have come from high readings in the Volatility Index similar to what we saw this week. Here is the interview in full: