The Volatility Index is at an important "Pivot Point". Yesterday, it closed
on a critical 4 week support line.
What it does today and tomorrow will determine if the S&P 500 falls to
the downside and retests the recent lows ... OR, if the S&P 500 breaks
through its upper resistance line and makes a possible run to 1100.
This is the time for you to pay close attention to what happens on the
VIX. Our studies show that the VIX has a correlation with the daily amount
of Institutional Buying and Selling and more specifically ... the SPREAD
distance between the two that occurs. So, the VIX's action will also be an
indirect reflection of Institutional activity in the next two days. (Actual
Institutional Investor Buying and Selling levels are shown every day on our
paid subscriber site.)
Marty Chenard is an Advanced Stock Market Technical Analyst that has developed
his own proprietary analytical tools and stock market models. As a result,
he was out of the market two weeks before the 1987 Crash in the most recent
Bear Market he faxed his Members in March 2000 telling them all to SELL. He
is an advanced technical analyst and not an investment advisor, nor a securities
broker.
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