Tuesday, October 13, 2009

DOES VIX HOLD KEY


One thing bull markets like and exude is COMPLACENCY. One question to ask is does the market already show this?
I've seen charts showing current levels as support, this chart would argue this. We have some divergences in general mkt, we have Bearish wedges forming, some broken, for now I'm on watch for a clear signal and the VIX may hold one of the keys.
This is opex week and it may be a slow one.
D

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