Stock Market VIX At Critical Pivot Point
Stock-Markets / Volatility Nov 04, 2008 - 11:09 AM GMTWhat just reached an critical "Pivot Point"?
The Volatility Index is at an important "Pivot Point". Yesterday, it closed on a critical 4 week support line .
What it does today and tomorrow will determine if the S&P 500 falls to the downside and retests the recent lows ... OR, if the S&P 500 breaks through its upper resistance line and makes a possible run to 1100.
This is the time for you to pay close attention to what happens on the VIX . Our studies show that the VIX has a correlation with the daily amount of Institutional Buying and Selling and more specifically ... the SPREAD distance between the two that occurs. So, the VIX's action will also be an indirect reflection of Institutional activity in the next two days. (Actual Institutional Investor Buying and Selling levels are shown every day on our paid subscriber site.)
______________________________________________________________________
*** Feel free to share this page with others by using the "Send this Page to a Friend" link below.
By Marty Chenard
http://www.stocktiming.com/
Please Note: We do not issue Buy or Sell timing recommendations on these Free daily update pages . I hope you understand, that in fairness, our Buy/Sell recommendations and advanced market Models are only available to our paid subscribers on a password required basis. Membership information
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.
Marty Chenard Archive |
© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.