AI
Wednesday, October 08, 2008 3:42:54 PM
More VIX madness.
It held 47 and it keeps going higher. I added some resistance that need to be overcome. But I do see that momentum is leaving VIX so we are coming to an exhaustion bounce. I would say it is capitulation but people are just tired of selling. Past two days could be consolidation. With a 58.5 top and a 48 bottom would target 69 on the break of 60
Tomorrow will tap 60 and another massive selloff if it breaks 60.
It held 47 and it keeps going higher. I added some resistance that need to be overcome. But I do see that momentum is leaving VIX so we are coming to an exhaustion bounce. I would say it is capitulation but people are just tired of selling. Past two days could be consolidation. With a 58.5 top and a 48 bottom would target 69 on the break of 60
Tomorrow will tap 60 and another massive selloff if it breaks 60.
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