Stock Market VIX is Saying Go Forward With Trepidation
Stock-Markets / Stock Markets 2015 Feb 05, 2015 - 10:33 AM GMTBy: Marty_Chenard
As we commented last Wednesday, this close up view of the VIX is showing a triangular pattern that has morphed into a secondary triangular pattern.
Yesterday, the VIX closed at 17.33 which was inside the new triangular formation, but with an up and down breach of the prior formation.
The medium term negativity has not been erased yet because we still have July to January up trend ... so that means go forward with trepidation.
VIX: Volatility Index
By Marty Chenard
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Marty Chenard is the Author and Teacher of two Seminar Courses on "Advanced Technical Analysis Investing", Mr. Chenard has been investing for over 30 years. In 2001 when the NASDAQ dropped 24.5%, his personal investment performance for the year was a gain of 57.428%. He is an Advanced Stock Market Technical Analyst that has developed his own proprietary analytical tools. As a result, he was out of the market two weeks before the 1987 Crash in the most recent Bear Market he faxed his Members in March 2000 telling them all to SELL. He is an advanced technical analyst and not an investment advisor, nor a securities broker.
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