Stock Market Viewpoint

Stock Market Viewpoint
Reading the Tea Leaves...

Thursday, September 22, 2011

VIX Turns Back at Horizontal Channel Allowing Market to Recover Some at End of Day 9/22/11

Stock Market Technical Analysis





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In the second chart set the NASDAQ barely got back up into its blue channel in the last half hour of trading because the VIX topped out and reveresed at the upper line of its horizontal channel as can be seen in the bottom chart. While this positive for the stock market we will have to see if it means anything tomorrow.

Alan

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