Wednesday, July 28, 2010

$VIX redux..

Still playing with the $VIX chart. It is possible to draw a 'completed' wedge:

And this has important implications, as you all well know....

Look at this next chart, something is deeply suspect about this rally, maybe it really is a turkey ready to roll over and die, despite the weekly indications implying more upside is possible....well, maybe not...


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