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BSNBC
BSNBC
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BSNBC's Blog : Vix pops out of bollinger band

Date January 12, 2010    Comments Comments (1)    Rate this post Recommend This Post (45)   
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market is not down that much today (Dow -38, Nas-31), but individual stocks are getting crushed.

Yesterday, the Vix fell out of its Bollinger band, which may signal a blowoff top.

http://stockcharts.com/h-sc/ui?s=$VIX&p=D&yr=2&mn=0&dy=0&id=p41417609413

definitely, seems very blowoff top lately. good to be aware and have some protection (cash or puts).

hard to call the top, it takes a while to form and sometimes there are second surges back to the top before the market drops.


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Author JoeJustJoe     Date January 12, 2010 16:15 Abuse this post Report Abuse
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The VIX will more than likely take out todaze high befo it moves on to take out "the numba" I have mentioned several times. Translation? Too many fokes got tooo giddy and too many fokes trade like complete morons so doan be sooprised to see one final whoooosh to shake out fokes who trade like Mighty Mouth. After that you will see a bunch of spewage by the locals who will come on near the highs to extole how great the markets have recoverd. At that point....WATCH OUT! *-) I'd like to see SPX 1110-1115 sometime tamarrah. That'd be sweet...and quite the treat! :-) 3J
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