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9/24/2009 2:57:00 PM
VIX Turns Higher

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Midway through the trading the day, the VIX futures have risen rather sharply, but are still below a steep downtrend and the strong resistance in the 30 area. Though the VIX may starting to bottom, the pattern suggests that this will take a week or two. The action is much different than what was seen last September.

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Tom Aspray, professional trader and analyst, serves as video content editor for MoneyShow.com Video Network. He was originally trained as a biochemist but began using his computer expertise to analyze the financial markets in the early 1980s. Mr. Aspray has written widely on technical analysis and has given over 60 presentations around the world. Many of the technical indicators that Mr. Aspray wrote about in the 1980s, such as the MACD, have since gained worldwide acceptance.

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