ajtj & ski, actually the VIX bottomed December 93
stockcharts.com[e,a]whcayyay[d19900630,20041217][pb20!b50!b200!d20,3][vc60][ill14!la12,26,9!lh5,3!lb14][j11779009,y]&listNum=16
The article below was written in February but still holds true, especially the last paragraph:
The intended take-away is to be wary of becoming aggressively bearish without confirmation. While the Volatility Index is arguably sending a bearish intermediate-term signal, one would be well advised to lean on alternate indicators to confirm or deny any bearish near-term bias.
marketwatch.com{66766B7D-4382-45A3-8C38-A92511B43F1C}&siteid=mktw&cbsReferrer=
I think SPX 1253, the .62% fib retracement of the entire bear, would be a nice spot to begin the decline. It fits in with Onischka's scenario, too |
