Wednesday, November 21, 2012

VIX kiss line

There's been a pattern the last 6 times the cboe VIX kissed it's apparent touchstone line which 6 out of 6 times has triggered a sell off in stocks. I believe this latest kiss is marking the beginning of the next decline with a sort of rounding bottom which still allows room to bounce to 1400 to 1420ish on the /ES before the 2nd and nastiest leg of the decline commences.

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