Also TNX looks it could break out of it's triangle in a couple of days. This too could be also bullish on the market, as people leave bonds and into the market.
Tuesday, March 17, 2009
The boogie man could be unemployed soon
That is, if the VIX breaks down any more. The fear in market could be zapped out, if the VIX breaks soon. The VIX broke down below its triangle since Dec and now .20 away from its 200MA. If the VIX breaks through this important support level, the VIX could drop to its to the low 30's. This would be very bullish for the market.
Also TNX looks it could break out of it's triangle in a couple of days. This too could be also bullish on the market, as people leave bonds and into the market.
Also TNX looks it could break out of it's triangle in a couple of days. This too could be also bullish on the market, as people leave bonds and into the market.
