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Wednesday, July 23, 2003 5:45:47 PM
VIX below 20 and Market Tops? One Month and Six Month Charts:
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6 Month Charts:
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Longer term charts of Bull Markets call the whole theory of VIX closes below 20 as indicating market tops into question. However today's close was the lowest close on the VIX in quite a long time as indicated on the chart above. There are additional divergences showing up in this rally that indicate it may be running on borrowed time.
RtS
6 Month Charts:
Longer term charts of Bull Markets call the whole theory of VIX closes below 20 as indicating market tops into question. However today's close was the lowest close on the VIX in quite a long time as indicated on the chart above. There are additional divergences showing up in this rally that indicate it may be running on borrowed time.
RtS
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