THE DOT - if this turns orange or red be alert

Wednesday, March 18, 2009

VIX tech update - indicating wave 1 up comes to its end

The old target of 36-38 is now in sight and will mark the end of the current upleg in stocks. As soon as we have the 13 count in the signs are for a correction down and in VIX terms up. A 38% retracement of the SPX would bring us back to 740 before we make another wave up to 870. For now 800 should mark the top in the SPX.

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