AI
Sunday, September 07, 2008 3:26:31 PM
VIX - I think it's going to hit the double top (short term) at 24.10 (was in the same spot back in June and April)
I beileve market should move up this week because of the FRE FNM bailout news this weekend, which in hope is going to help the homebuilders, insurers, financials sectors to rally this coming week. I think VIX is going to drop below the 200MA and going down to around 20.
Of course it's just from reading the chart. Any news in the market is going to change the direction of VIX and TRIN.
BTW, TRIN is at 0.7 but it's insignificant, but it did move from 2.59 on Thursday from an oversold territory. I still think market will rally a bit this week. I could be wrong and IDKS!
I beileve market should move up this week because of the FRE FNM bailout news this weekend, which in hope is going to help the homebuilders, insurers, financials sectors to rally this coming week. I think VIX is going to drop below the 200MA and going down to around 20.
Of course it's just from reading the chart. Any news in the market is going to change the direction of VIX and TRIN.
BTW, TRIN is at 0.7 but it's insignificant, but it did move from 2.59 on Thursday from an oversold territory. I still think market will rally a bit this week. I could be wrong and IDKS!
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