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Strategies & Market Trends : John Pitera's Market Laboratory

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To: Fintas who wrote (16925)	4/13/2015 12:22:50 PM
From: The Ox	Read Replies (1) of 33421

I would say the odds of VIX falling to 8 are low but it's possible. Below 10 is unlikely but there is a recent low in the mid 10s that could be tested and possibly fail if the market starts making new highs and tries to make a full blow breakout in the major indexes. With many months of chop and sideways action, a blue sky breakout is very much a possibility with a supportive earnings season. Then we'll see if the sideways action morphs into a new run up..... Never say never, so 8 is possible but I think unlikely without a huge rally.

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