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Joined: 28 Dec 2005 Posts: 11966
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Posted: Sat Sep 30, 2006 4:52 pm Post subject: VIX Chart & Commentary |
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Below is a VIX (gray candlesticks and right scale) and SPX (gold line and left scale) daily six-month chart with 21-day MA. The VIX stochastics and MACD indicate VIX may be on the verge of an uptrend (MACD has been in an uptrend and gave a bullish kiss recently). Also, a VIX rise above the 21-day MA (currently a low level and flattened) is a buy signal (and SPX sell signal). Consequently, VIX calls or SPY puts may be buys.
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