last chance for the NASDAQ Bears here, or at least the composite Bears! The NASDAQ Composite is approaching its 78.6% retracement of the push down from the 2007 highs. Should that level be breached, a full retracement is then expected.
Wednesday, April 14, 2010
Here now or full retracement-
last chance for the NASDAQ Bears here, or at least the composite Bears! The NASDAQ Composite is approaching its 78.6% retracement of the push down from the 2007 highs. Should that level be breached, a full retracement is then expected.
VIX
the VIX closed at its lowest level in a few years yesterday. Does this mean that it can't go any lower? Of course not, but it puts us on guard for potential volatility expansion, something that this grinding action can surely use.
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