THE DOT - if this turns orange or red be alert

Friday, February 26, 2010

VIX update

The VIX is going obviously into its final troıugh for this fabricated bull campaign. Heading for the 16 level once again and we actually need a weekly close around that level to complete the sequence. Should happen within the next 2 weeks - less likely would be another 7-8 weeks.
In any case the events to come after the low is made will be very upsetting and forceful ( I still expect a retest of the SPX lows and even new ones) and 50 is the least we can expect as a target. Obviously this will evolve in waves as well - we get to that once the low is set.

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