Tuesday, January 20, 2009

Today's increase in volatility still within our chart parameters for the week

The parameters I marked for VIX and discussed here over the past few days, are still containing the expected pickup in volatility today, and of course consistent with the ChartsEdge cycle charts posted here as well. Note also that the 50 dsma is at 54.42 which can be another resistance level for the current time frame, if VIX chooses to push up against the downsloping trendline I marked:



So you might take that into account, also depending upon what time frame you're operating within of course (intraday, a few days, or longer time frame).

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