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Just an observation - when the market rallied to SPX 850 area, the VIX was still +. Last fall, when this condition existed, it almost always meant to short the rally.
If you are talking about today's rally to 850, my VIX chart is a mirror image of the SPX...
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VIX
Posted by markwes1 on 15th of Jan 2009 at 03:37 pm
Just an observation - when the market rallied to SPX 850 area, the VIX was still +. Last fall, when this condition existed, it almost always meant to short the rally.
If you are talking about
Posted by jhsimon on 15th of Jan 2009 at 03:42 pm
If you are talking about today's rally to 850, my VIX chart is a mirror image of the SPX...