AI
Thursday, December 27, 2007 7:48:41 PM
VIX/VXN: Volatility is rising with positive divergences. Also, CPC and its sub-components are showing an extreme reading, recently. We discussed CPCE/CPCI implications before. In a few words, CPCI for hedging.
Considering all surrounding factors, market action today shows resuming the downtrend which started on 10/11/07 when SPX has topped, until proven otherwise.
Considering all surrounding factors, market action today shows resuming the downtrend which started on 10/11/07 when SPX has topped, until proven otherwise.
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