Wednesday, April 28, 2010

Possible bullish VIX signal

the VIX setup is 2/3 into a buy signal. Yesterday closed outside the upper BB and today closed inside. If it closes lower tomorrow that is a buy signal on the mkt. The bollinger bands have greatly expanded meaning to get a bear signal it would have to go into new low territory... extreme optimism and most likely a breakout to significant new highs on the stock market. tomorrow will be interesting.

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