I want you to keep a close eye on VXN (NASDAQ volatility). It is somewhat stretched to the downside and that can be dangerous for tech stocks. We have had two days of hitting the lower bands of the envelopes I use and that always makes me a little nervous, or at least in a profit taking mood. VXN 17 seems to be the number where NQ and QQQQ stumble, happened Friday and happened today. We probably will get a spike soon, watch 18.90 if that happens.
This entry was posted
on Monday, August 28, 2006 at 5:52 PM.
