Stock chart patterns and technical analysis (TA) explained simply. Disclaimer: This blog and all its contents are for educational and entertainment purposes only. Do not trade or invest based on any information seen on this blog. Please read Terms of Service. The K E Stone blog sites (Keybot the Quant) are blacklisted by Google, so enjoy the ad-free experience, and only use the Donate button when supporting the sites.
Monday, March 7, 2011
SPX:VIX Loses 68 Level to Usher in Selling
The ratio lost the 68 level this morning so extended selling should come into the market now. Typically when the 68 level is broken it results in a 200 or 300 point down day for the Dow Industrials either that day or the next day. Markets sold off today but late day mounted a comeback of sorts. Extended broad market selling should continue if this ratio stays sub 68. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your finanical advisor before making any investment decision.
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