VIX technical update

On the daily VIX, it made a perfect snap back drop the weekly Bollinger and wave 4 down seems to be finished, we will know definitely the coming days. By magnitude we are done though and a neutral close would indicate we are about to start wave 5 up. We will have to deal with this extreme volatility for another 3 weeks before markets will calm down for a while.
Markets made reversals today, hinting at the end of wave 4. Tomorrow will bring a clearer picture though.


~ by behindthematrix on October 14, 2008.

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