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Tuesday, April 27, 2010

Vix Mix Zwei

My last VIX update was a month ago: Vix Mix. But today was a *very powerful* up move on the VIX.

The Weekly VIX has still been maintaining a stance of positive divergence. Is the borrowed time finally up? We will see. But this VIX spike combined with the broken 20 day MA on the SPX makes it seem like it will be correction time for *at least* a Minor Degree Wave down, I'd wager.

XLF by request

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