VXN updated chart (Nasdaq volatility). B-bands opening up, signaling wider moves ahead. We hit all time lows last week. Time for a reversal, especially since we dropped from the 70's in 2002 to the low of 14.47 of Friday. The bull is getting long in the tooth and this is a further nail in the coffin. If conservative, you might want to wait for a move above 17 to start shorting the market. Others can start testing the waters, using sound risk management. Futures trades are best for this aggressive strategy, since you can control risk almost around the clock.
click on chart for full size
click on chart for full size
This entry was posted
on Thursday, June 02, 2005 at 7:05 PM.
