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TED Spread still remains high, Today Ted spread kept 431 base points. Credit Market still frozen.
It is likely market will pull back in next few days.
当 TED Spread 还把持在高位时，任何 Rally 都将是短命的。
VIX 不单峰。还会有一个次高的峰，预示着今后几天市场仍有较大的下降空间。
在这个时候， 空头，多头都要小心。 但近期对空头有利。
JM2C
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