Fear Rising?

08/26/2008 12:00 am EST


Thomas Aspray

, Professional Trader & Analyst

The CBOE Volatility Index (VIX) has turned up over the past week and is back above its 10 day MA. The VIX measures market fear and reflects an increase in put buying. The VIX peaked over 30 in March and July when the market bottomed and made a low in May when the market topped. Watch for a move above 24.50.

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