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Technology Stocks : Semi Equipment Analysis
SOXX 309.40+1.0%4:00 PM EST

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From: Return to Sender8/27/2011 3:27:41 PM
3 Recommendations   of 95526
 
Amateur Investors Weekend Stock Market Analysis (8/27/11)

amateur-investor.net

The chart below of the Volatility Index (VIX) and the S&P 500 is rather interesting. Currently the VIX has formed a Cup with a small 2 week Handle (H). If this pattern holds up over the next week or two we may see an decent move to the upside in the VIX. Keep in mind the VIX and S&P 500 move in opposite directions so if the VIX breaks out to the upside the S&P 500 would trend lower.




Meanwhile taking a closer look at the chart it appears both the VIX and S&P 500 are developing some type of 4th Wave Triangle pattern on a weekly scale. In this scenario "a" and "b" have completed while "c" is nearing completion. Once "c" completes then "d" and "e" would follow to complete the pattern.


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