VIX remains, technically, one of my focused indicator this week
as of last friday, it closed 24.53, after breaking MA200 and looks possibly enroute to the MA50 support at 22.50 region... this has got to be an important figure.
if VIX reaches 22.50 region and bounces off, then, perhaps, we might see the short term topside of major indexes...
from current 24.53 to 22.50 is not that far away... it corresponds very roughly to only about 100+ DOW points movement... or roughly SPX reaching 1300 level (last closed 1285)
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VIX 01 (Jun 09 - Oct 11)
Re: VIX 01 (Jun 09 - Oct 11)
by kennynah » Mon Oct 31, 2011 8:02 am
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..................................................................<A fool gives full vent to his anger, but a wise man keeps himself under control-Proverbs 29:11>.................................................................
.(Trading Discipline : The Science of Constantly Acting on Knowledge Consistently - kennynah).Investment Strategies & Ideas..................................................................<A fool gives full vent to his anger, but a wise man keeps himself under control-Proverbs 29:11>.................................................................-
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