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A place for friends to gather and view stock market charts, discuss technical analysis and market outlook. What is your Principal Asset? How can it be developed? Each and all should do their own due dilligence and homework before investing. And by no means should you use anything I say or show here as a sole basis to buy or sell securities as everything is for educational experience only.

Tuesday, May 20, 2008

The VIX and Fibs......

Yesterday the VIX bounced off of the Fibonacci 23.6% or $16.04. Coincidende you say? I think not. Amazingly the PPI comes out "Hot" and now the media is propagating the Inflation story and the Dow falls almost 200 points and the VIX is back to $18 before lunch.

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