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VIX exploded up .83 to 11.36 at the close!


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#1 Bob-C

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Posted 22 December 2006 - 04:22 PM

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Disclaimer: None of my posts are meant to be taken as investment advice or trading advice. Do your own due diligence and consult your financial advisor before making any trades or investments.

#2 Frac_Man

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    Hank Wernicki M.A.

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Posted 23 December 2006 - 11:02 AM

What conclusion is derived from that event ?

thanks

Hank








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#3 Bob-C

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Posted 23 December 2006 - 01:42 PM

What conclusion is derived from that event ?

thanks

Hank








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Hi Hank, nice to hear from you.:) The VIX closed up .83 at 11.36 on Friday. The daily VIX has broken upwards from a bullish-declining wedge. If the VIX breaks above its previous 12.68 pivot point it will signal the possibility of lower prices ahead.

Here is the daily VIX TL chart:
http://chart.nu/char...6&filter=34.png

Here is the weekly VIX TL chart:
http://chart.nu/char...3&filter=21.png

Here is the five-month VIX daily chart which depicts strongly rising RSI (2), RSI (5), and StochRSI (14) indicators.

Cheers, :)

Bob-C
Disclaimer: None of my posts are meant to be taken as investment advice or trading advice. Do your own due diligence and consult your financial advisor before making any trades or investments.