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VIX to R & $USD capitulation


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#1 Trend-Signals

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Posted 07 November 2007 - 02:09 PM

VIX traded to R and with the China news, $USD capitulation?

SPX traded to 1485 +/- support


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Date:11/7/2007 1:45:57 PM
Post #of 4170

SPX traded to SPX 1485 +/- support and bounced.

As far as cycle date is concerned, the turn dates are not often precise falls on the date.

Therefore, while we have different speculation concerning cycle turn date projections, we go with market price actions.

Intraday price actions are again showing positive divergences and markets are trading at major supports.


http://www.stockcharts.com/c-sc/sc?s=$VIX&p=D&yr=0&mn=11&dy=0&i=p55361846459&a=81415468&r=467.png
http://www.stockcharts.com/c-sc/sc?s=$VXN&p=D&yr=0&mn=11&dy=0&i=p72794683338&a=90490357&r=975.png

Edited by Trend-Signals, 07 November 2007 - 02:10 PM.

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