Tuesday, February 27, 2007

Nasdaq 100 Breaks Key Uptrend Support

Support had been at 1766...

But, still more than hour to go. However, will VIX up in the stratosphere relative to recent levels, the rescue squad may be stuck today.

1 comment:

Lauriston said...

I don't think I have ever seen VIX up 50% in one day? Do you recall something like this? I think this pullback/correction may not last too long if fear spikes like this i.e. everyone seems to have jumped on puts with both feet...