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Watch The Volatility Index This Week
By: Marty Chenard | Monday, February 25, 2013
Don't forget to include the VIX among your indicator tools this week. The
VIX is important because it is an options related reflection of the market
expectations over the next 30 day period.
Below is one of the VIX charts that we post daily. Pay particular attention
to the rising fan lines on the chart and note that they are rising higher over
time.
For this week, the more important focus should be the 17.88 gap level. Gaps
don't always get closed, but more often then not, they do get closed.
If we close the 17.88 gap this week, there will be a market pull back tied
to it. But, if we move above the current fan line seen on the chart, then the
market will go into a more serious correction.
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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