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Gary Tanashian is proprietor of Biiwii.com (http://www.biiwii.com), a financial website that reflects his bias toward honest analysis and his disdain for hyperbole. Gary's writing on market trends and metals trading is particularly insightful. Gary is the owner/CEO of a progressive US... More
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  • VIX 2 comments
    Nov 2, 2009 09:52 AM | about stocks: DIA, SPY, QQQQ, VXZ, VXX
    NFTRH57 went in depth on a broad spectrum of market indicators and short term scenarios. One of which included the oh so satisfying state of the VIX. But really, we don't expect the bull case to just fold up its tent and go home, now do we?

    No, maybe we expect a little more earnings hype, a little more 'economy is growing' hype... a little more play by da boyz as the bull trade gets off loaded to the most gullible investors.



    VIX megaphone states all of the above in 'now hear this!' fashion. The top line of the megaphone (reverse symmetrical triangle reversal pattern) looks to provide short term resistance for bears and short term support for a hope revival.

    You buyin' it?
    Themes: vix, stock market, bull, bear Stocks: DIA, SPY, QQQQ, VXZ, VXX
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This post has 2 comments:

  •  
    Gary, the tug-o-war between the bear camp and the bull camp is just getting started. I expect the VIX to get ugly again since we are getting to the point that this market may be topped out.

    When it comes to the VIX most pay it no attention. I don't know why.

    Expect triple digit swings to become normal again.
    Nov 02 10:26 AM | Link | Reply
  •  
    Ahh...the good old megaphones. You should see the megaphones of 2008 on the GS chart. Really blows your mind.
    Nov 02 04:50 PM | Link | Reply
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