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Re: langlui post# 34510

Sunday, 09/07/2008 5:54:52 PM

Sunday, September 07, 2008 5:54:52 PM

Post# of 126111
Hmmmm....this chart probably makes no sense buTT here goes

i tried to look at the april and june examples that you gave....

in april the vix was dropping from a significant top and then reversed up to 24 before continuing on down to a significant bottom (first green dashed lines)

in june the vix hit 24 coming up off of a significant bottom, reversed for a bit and continued on up to a significant top(first red dashed lines)

in late july the vix was again dropping from a significant top and, just like in april, it reversed up to 24 before continuing to a significant bottom at 18
(second green dashed lines)

today the vix is up to 24 coming up from a significant bottom...so, like you are suggesting, it would be symetrical if it dropped back to 20 before moving on up to a significant top....

got it....i think :) i have trouble reading the vix....sooo i need to take any bounce i can get, and get out quick....i can live with that :)




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