Today's 12 month VIX chart shows a pattern that is fairly rare. This
chart pattern has appeared a number of times in the past and has been pretty
accurate. The pattern is where the VIX's support level is the
bottom of a circle and the touch points follow the bottom of the circle. The
difference I see is that the older patterns occurred over a longer period
of time within the circle area.
In any case, this pattern should be watched because if it holds to
the pattern, it will generate higher/lows on the VIX which will correlate with
increasing fear levels, and increasing market risk. So, unless
the VIX aborts this pattern within the next few days (by moving sideways
or lower), then the market will start to increase its risk and fear levels. (Reference
Note: This chart is updated every morning in Section 4, Chart 9c of the 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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