Tuesday, September 1, 2009

Volatility spikes ($VIX)

I pointed out the tight Bollinger Bands about a week ago, noting that they signaled a breakout shortly. The market is selling on really good news from the ISM report, with the Jobs report out Friday, I wonder if this is a buy the dip opportunity? OR will this be the start of the long awaited correction. Its not the news, but the perception of the news...

*click on chart to expand image

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