Friday, January 22, 2010

VIX - The End of the Beginning. Bears are back!

this is a 52% gain on the VIX (weekly). Wow! Bears are back!
Close this week above EMA200 (red) but below EMA55.
Need two consecutive closes above blue EMA (27.86)
will open door to visited 40 first target, possible extension to 45
Click to zoom in. Cheers!!