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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.

Wednesday, July 2, 2008

Bounce?

Looking at the VIX and especially the Green trendline which is acting as reisisitance one could reasonably ascertain a VIX fall and the corresponding index bounce. Conversely a break of this line higher means more bull pain.