Triple Top in the VIX
Apr.10, 2008 in
General Market Commentary
The VIX has triple-topped, while the S&P 500 has double-bottomed with a significant positive divergence in breadth. Charts follow, clickable for a larger view …
.
.
If you liked this post, you might be interested in subscribing to my RSS feed. If you prefer, you can get a nightly RSS email update sent on the days that I post! There are convenient “Subscription” icons near the top of the right sidebar.
To view my actual trades and model portfolios for the different systems I track, visit The Rempel Report. If you’d like to become of member of The Rempel Report, you can register here. Members receive email notification of new posts and can contribute to the site through comments. Registration is still free!
April 10th, 2008 at 10:47 pm
um, you’ve clearly drawn the downtrend line on the SPX incorrectly. drawn correctly, the downtrend would be broken around 1410.
April 13th, 2008 at 8:48 pm
[…] January was the bottom, with March being a low-volume retest, a few times in a few places, like Triple Top in the VIX and Fast Money Alert!, and the internal blog link-fest post Comments on Recent Market […]
April 13th, 2008 at 11:51 pm
[…] 1. Support and resistance don’t matter. Bill Rempel, who writes a helpful stock blog, recently called a “triple top” around 36 in the VIX: The VIX has triple-topped, while the S&P 500 has double-bottomed with a significant positive divergence in breadth. [link] […]