SPDR S&P 500 (SPY): Anyone notice that the VXO has (a) reset...

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Re: None

Wednesday, 04/30/2008 12:38:40 PM

Wednesday, April 30, 2008 12:38:40 PM

Anyone notice that the VXO has (a) reset within the 20% deviation from the 50ma, and (b) is contrary to the spx today, i.e., moving in the same direction??

Perhaps it's the lull before the storm..perhaps it's signaling a downward slide is coming.

I'm totally in cash, but thinking of taking a short position on a little thinking we will finish lower.

http://stockcharts.com/h-sc/ui?s=$VXO&p=D&yr=0&mn=3&dy=0&id=p75123749541&listNum=1&a=131637452

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