VIX CHART NOT hysteria, but FEAR is creeping BACK into the market, that CAN spell trouble for stocks.
Many misinterpreted LOW LOW VIX as SOON BIG selloff would begin.....NO.....how can you get selling with complacency?
BUT when FEAR creeps back in, when it looks like a new trend of rising VIX.....that is horse of another color.
STILL declines on more volume. A BOTTOM will come for sure, and question might be is it a short term bottom, or a TRADABLE one? like 2003.
Well, easy enough to look back and see what we see from then.
Longer term trend lines like the 52 week were turning UP.. now they are flattening to turning down.
Just one mans opinion. And a rather WEAK DAY considering the blather and HYPE about INTC and TXN.....I am sure at CNBC....Champagne was flowing..
D
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