Coincidence or Something of Importance?

By: Marty Chenard | Wed, Sep 12, 2012
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What are we talking about? We are trying to point out the coincidence about the VIX's pattern and the upcoming Presidential election.

Take a look at the VIX's descending triangular pattern on today's chart.

When you look at it, you will notice that the resistance and support lines intersect at a specific week. The week is the week of the Presidential Election.

The reality is that the breakouts typically occur before the apex (the apex is the intersection point of the two trend lines). In any case, this is certainly a fascinating, overlapping of events.

VIX's descending triangular pattern

 


 

Marty Chenard

Author: Marty Chenard

Marty Chenard
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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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