b z b t r a d e r
Tactical musings, technical timing indicators and risk management strategies
Thursday, July 12, 2007
VIX head and shoulders
As a follow-up to my earlier post, the VIX is showing a developing head and shoulder pattern, suggesting substantial further declines yet to come..next stop 50 day MA at 13.71.
VIX and More
has reached a similar conclusion based on completely different, and much more sophisticated metrics, and these are worth a look (Wednesday's post).
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