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Thursday, January 19, 2006 8:10:40 PM
***VIX, VXO, VXN, check out the VIX/VXO gaps that back-filled today, it's possible that the gaps in the VIX/VXN from late December may turn out to be run-away gaps, especially if a bullish engulfing closes out the week tomorrow:
As a follow-up to potential future bullishness in volatility, look to the bottom set of 3 charts, the weekly charts are showing that the MACD and RSI is about to break resistance on both the VIX & VXO, meanwhile the VXN appears to be leading and has already "broken out!"... this is significant indeed... 2006 is setting up to be the most volatile year in the markets in quite a good while>>>
As a follow-up to potential future bullishness in volatility, look to the bottom set of 3 charts, the weekly charts are showing that the MACD and RSI is about to break resistance on both the VIX & VXO, meanwhile the VXN appears to be leading and has already "broken out!"... this is significant indeed... 2006 is setting up to be the most volatile year in the markets in quite a good while>>>
HI-HO SILVER !!!
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