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Strategies & Market Trends : John Pitera's Market Laboratory

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From: Fintas

4/13/2015 12:02:57 PM

2 Recommendations

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Davy Crockett
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VIX...This is a repost from Friday. I highlighted in pink a couple of errors from the previous post where I thought I said something, thought I read it as I intended even after proofing but upon reading this AM.. I did a WTF.

Welcome to the world of brain issues.

Below in blue is just a common sense question.

So sorry about the errors..

But the focus is on the NUMBERS.. Does the VIX have a better chance of going to 8 or 29 from the 12 area given the supporting data I present and what is going on worldwide.

Fintas

VIX.

Someone is suggesting 8.

As I present this using a .125 value box.

Keep in mind it hasn't been under 10 for a long time.

So those who want to ignore what this pattern would have to do to get to a 10.. let alone what the vix would have to to to get to an 8 given where the SPX is and what headwinds are yet to be seen... OK.. you first.

ME.. I've a 29.16 and I'm not flinching.. 8? or 29 from this area of 12. Which offers the greater %.

IMO

Fintas