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techcharter

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techcharter

Re: None

Thursday, 04/28/2011 5:43:20 PM

Thursday, April 28, 2011 5:43:20 PM

Post# of 51804
VIX and B-B

The VIX closed at a 3 yr low today.

http://stockcharts.com/h-sc/ui?s=$VIX&p=D&yr=3&mn=0&dy=0&id=p78018786004

This week the Bulls Bears difference widened after a slight 2 weeks of closing from historically wide readings in early April 2011. I expect next week's reading to be wider than this week's reading. The readings in April 2011 are so extreme that any more widening would indicate an "all in" condition.

http://www.schaeffersresearch.com/streetools/market_tools/investors_intelligence.aspx

This kind of complacency lasting for several weeks indicates a longer term top is forming, rather than a short pullback.
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