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The above images are 1 1/2 year charts of the NASDAQ in the upper chart and VIX (Volatility Index) lower chart. The NASDAQ had a small gain today but it was enough to get it back up into its 4 month downhill brown line channel. The problem though is that when the VIX touched the center line of its 4 year wide horizontal blue line channel today, it turned back up as it did a couple of weeks ago. The VIX absolutely must drop through that center line of this long term channel if this market is to keep climbing.
Alan
