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Symmetrical VIX looks higher


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#1 Rogerdodger

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Posted 15 March 2008 - 06:08 PM

As a general rule, it's usually wise to trade in the opposite direction of the $VIX:$SPX ratio's 20 ema.
It turned back up at the end of February and the market's down.
It's getting extended but since there has been some symmetry, I measured the length of the last two extreme spikes. We could go a bit higher just to equal those ratios.

Note also that the BB's in the VIX itself has just began to flare up.
It could be a long ride up or a quick spike similar to Monday Jan 22nd.
Either way, bulls need the VIX to turn back down.

OPEX may bring some fireworks.

http://stockcharts.com/c-sc/sc?s=$VIX&p=D&yr=0&mn=6&dy=0&i=p89286421387&a=27927380&r=9707.png

#2 bobalou

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Posted 16 March 2008 - 12:27 PM

http://forums.techni...52#post24665852
we like the play,I see the same,whip it good.