Monday, September 15, 2008

VIX 10 yr chart


Something looks strange. I was pretty focused on a 30-35 zone for a VIX top but somehow it looks doubtful that will be the case. We are already at 31. So many other indicators say there is room to fall (UYG far from July bottom, SPY hasnt bottomed out of daily stochs) in addition to unresolved issues at AIG, MER, WM are dragging down the market. GS is tanking which as a market leader is a pretty bad sign.

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