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Friday, August 02, 2013 11:32:56 AM
Major Market Indices on 5 Year Weekly Charts versus the VIX (Fear Index) - Also included are the SOX/SMH and BKX because they are so important to the overall direction of the market. RSI (14) over 70 is extremely overbought. Under 30 is extremely oversold. Fear will generally be low while the market is moving steadily higher. Large spikes in the VIX often correspond with market bottoms. As you page down you will see quite a few other indicators that can help you forecast market tops and bottoms.
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