I was 2 days early on calling the MACD in a weak right shoulder...looks like a bigger top building:
VIX
a top?
Started by
tommyt
, Oct 28 2008 02:58 PM
2 replies to this topic
#2
Jnavin
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- TT Member*
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- 2,126 posts
Member
Posted 28 October 2008 - 03:04 PM
That is the heart of the problem for this rally.
VIX needs to drop below its uptrend line -- or the Big Question Mark remains.
#3
nimblebear
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- Traders-Talk User
- 6,062 posts
Welcome to the Dark Side !
Posted 28 October 2008 - 03:18 PM
It will be dropping for a long while i believe. THAT WAS A MEGA SPIKE. I thought we'd breach 120. but high 90's is good enuf for me.
Any time you can get Cramer to tell people to bail for the next 5 years, thats a pretty good sign there's a bottom at hand. May just end his celebrity status and his show. he was on borrowed time anyway. May not be thee bottom, but its a bottom for awhile.
OTIS.
