$VIX (Bottom seen for a while)

By Brett Goldstein on Feb 13, 2008

I wanted to post this chart a few weeks back when the VIX spiked to 37.50. I was going to state that the bottom was probably hit for the overall market. Well I would have been right so far. The panic and fear finally kicked in that day. Too bad the site was not working because catching that bottom could have provided huge profits.

This entry was posted on Wednesday, February 13th, 2008 at 8:49 pm and is filed under Annotated Analysis. You can skip to the end and leave a response. Pinging is currently not allowed.

5 Responses to “$VIX (Bottom seen for a while)”

By chris on February 14th, 2008 at 8:33 pm

I think we will be seeing a test of the lows before we continue our move upward. I think it will be a fast drop to test the lows and see if the bulls can take control and move the market higher. Just my opinon.

CAE

By Anonymous on February 15th, 2008 at 7:04 am

You may be right Chris. I wouldn’t be surprised if one of the morgage lenders declared bankruptcy and brings down the whole market again.

By chris on February 15th, 2008 at 3:11 pm

Fannymae? lol!!! watch them I believe we might see it drop to around 10 bucks. Remember not many people are buying houses. So, all mortgage brokerage houses will be sucking. no Fannymae wont go bankrupt but she might feel like throwing in the towel.

By Oliver on February 16th, 2008 at 8:32 am

Nice work. I see the same thing. I think the rise of dry-shippers like DRYS, EGLE and rails like BNI, we’re seeing a resumption of US exporting agricultural products, which will be the drivers going forward. The markets seem to be expecting bad news, so in the near-term 3 to 5 weeks, my opinion is that we’re going either sideways or up.

By Wizetrade Community on February 27th, 2008 at 8:52 pm

This is the perfect time to buy this stock. It’s going through it’s positive trend line. You can buy and sell within a month and pay off. Listen to me and wizetrade. BUY BUY BUY.

Name

Website:

Comments: