Forget Dubai, This is What Could Cause a Stock Market Problem

By: Marty Chenard | Mon, Nov 30, 2009
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Last Monday, we reported on the VIX (Volatility Index) and how it had an "Expanding Wedge" pattern.

We said that meant that the volatility "swings" would be more extreme from the trough to the peaks. In other words, we said to expect market "whipsawing" until the pattern ends and has a breakout.

Here we are a week later, and last Friday did show us a more extreme volatility move with the VIX gapping up.

In spite of the gap up on the VIX, conditions remained mixed with the C-RSI positive (but lower), and the S&P in a sideways trading range.

All the noise about Dubai is not a problem right now.

What would become a problem? The U.S. Dollar ... if it starts to have a fast move to the upside it will cause a sharp down move in our stock market, so keep an eye on the Dollar.

 


 

Marty Chenard

Author: Marty Chenard

Marty Chenard
StockTiming.com
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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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