I analyze macroeconomic issues from a fundamental perspective, and I analyze market behavior from a technical perspective. Original macroeconomic analysis can be found here and both macro analysis and commentary can be found on my Caps blog. If you like or appreciate my analysis, please add yourself to my Following List

Friday, May 7, 2010

Impressive VIX

Simply .... wow.

If we are in the throes of Int 1 of P3 (which I think is likely given the events of the last 2 weeks), the VIX is definitely substantiating that opinion. For Int 2, there will be a pullback in the VIX, but I doubt it will go past the long term line of action.

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