Friday, November 12, 2010
But for now, I am not so sure that is a falling wedge in the VIX (bullish for VIX, bearish for market) because I have seen this indicator bullishly flag so many times in the past, only to break down further. Could VIX be headed for new recovery lows into a 'C' correction leg off of the 2008 climax? Only your crystal ball enabled market guru knows for sure. I however, am guessing that the bears are not quite ready for prime time, even considering this week's plethora of negative news and market activity.