Replies to post #6313 on MDA - Market Direction Analysis (MDA)

[augieboo]

Charts: VIX & VXN Daily

Taken by itself the VIX looks like it could go to 15, but the VXN looks like it "needs" to break out soon. The only really logical way I can think of to reconcile the two is for VIX to bounce of that blue rising SR line. Otherwise it seems as though one of two things would happen. Either that huge VXN wedge would fail or the two would get badly out of synch.

Thoughts, comments, etc?