AI
Wednesday, June 01, 2005 11:27:59 PM
NASDAQ 100 TOPPING - One More Look
This chart should provide further validation and clarification of my assertion of the NASDAQ's top. This is looking at NDX option's Volatility. The bottoming of this volatility index helps identify that the top is in. As any topping process, it may take time to complete.
For those of you new chartists, the market's considered topped out when the volatility declines to the bottom. And when the volatility starts to rise again, the market then starts to decline.
This chart should provide further validation and clarification of my assertion of the NASDAQ's top. This is looking at NDX option's Volatility. The bottoming of this volatility index helps identify that the top is in. As any topping process, it may take time to complete.
For those of you new chartists, the market's considered topped out when the volatility declines to the bottom. And when the volatility starts to rise again, the market then starts to decline.
David
#board-3693
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