"As a technician, I feel that there are few analysts that offer value for me, but you do. Your work on Gold ratios has helped my analysis greatly." --Jordan Roy-Byrne, CMT (The Daily Gold) 4.9.10

Wednesday, May 16, 2012

Fear getting over bought but...

Fear is also looking bullish.  The chart shows a resistance level that should contain VIXY or things could get out of hand.  I want to buy VIXY but like Pavlov's Dog or the man being instructed to hit the buzzer and receive jolts of electricity, I have learned better.  So I'll just avoid for now.




















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