3.25.2008

VIX is approaching support...

I almost took my eye off the VIX, and just focused on the Q's . While I think $48 is a forgone conclusion in the Q's, we could pause/pullback here... The move up to $45 today filled a gap back from a month ago.. and there are a few gaps that were left in this recent bull run which could be filled...



XLF, while it made a nice move recently, could also pause here...Should assume a pullback will follow, unless the recent high is broken..



tb

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