Monday, March 22, 2010

Vix Mix

Just an update on my VIX thoughts. Is it done going down? Who knows. It is bottoming into strong support, but it has broken all kinds of support previously.

The charts I show below go along with my post Update on My P2 Projection. Specifically, I would be very eager to see some positive divergence on the VIX prior to a market top (i.e. the VIX start making higher lows [as an inverse indicator] before the market starts making lower highs)



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