Wednesday, August 26, 2009

The Market...

$VIX went up some, $VXN went up quite a bit, so the $NDX therefore showed more of a potential top forming today then the other indexes, but patience will reveal what it will.

For what it's worth, the sentiment index I've been showing, fell back from extreme readings the very day that $VIX crossed into the 1.00 node (the 25th), which would seem to be a confirmation of a top, but price is the final arbiter.

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