Tuesday, May 04, 2010

MARKET ALERT

A weekly VIX vclose above the Resistance line which it has broken today would IMHO NOT be a bullish condition at all.....as my chart has shown in past.....pays to respect trend of the VIX.

Market currently off 250 DOW points. We have already had 2 intense selling days on expanding volume in last 2 weeks, not seen since 2008 !

D

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