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.

Advertisements

~ by behindthematrix on October 14, 2008.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

 
%d bloggers like this: