Replies to post #5168 on *~1Best~* Market Timing & Trend-Signals

[*~1Best~*]

VIX / VXN : Commented on the VIX/VXN support with $CPC extreme readings. The VIX support which it has bounced off, 18.28, is LT support and it is coiling in symmetrical triangle formation since Aug 2007 high As noted, it is showing positive divergences at the LT support, 18 +/-, and it is technically pointing to upside. The implication of this is that markets will likely break to down side from the current symmetrical triangle formations which I noted that DOW/SPX remained in the symmetrical triangles while Qs/Nasdaq closed above the respective upper sym triangle TL sending mixed signals.

Markets can be geared to desired direction at this stage with the mixed signals, therefore, it is better to obtain confirmations which I was looking for during the last week. Will be looking for directional confirmations.