The Vix has had two days now where it went outside the BBbands
and is now currently back inside and drawing a hammer. This is very
bullish for the vix but very bad sign for the broad markets. I
don't see much in other charts yet that predict a sell off here, we
are still over bought but this is the first sign of imminent danger
I've seen.
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$Vix
Posted by ditch on 6th of Feb 2012 at 02:01 pm
The Vix has had two days now where it went outside the BBbands and is now currently back inside and drawing a hammer. This is very bullish for the vix but very bad sign for the broad markets. I don't see much in other charts yet that predict a sell off here, we are still over bought but this is the first sign of imminent danger I've seen.