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Volatility Index

The Volatility Index ($VIX) has declined enormously from historically high levels just several months ago. However, could we see it break out of the descending wedge...or at least start to trade with in a range going into the second half of 2009? I'm expecting a pullback in the markets, after all it has risen 50% from it's March lows and most believe has gotten slightly ahead of itself. Visit my blog Itz Stock Chartz