VIX Update

09/16/2008 12:00 am EST

Focus: ETFS

Thomas Aspray

, Professional Trader & Analyst

The bottom in the VIX, featured on Sept. 5th (see arrow), signaled “further selling” and it surged five points Monday as stocks plunged. The initial downside target for the S&P 500 at 1200 as been hit with the next target at 1150-1170. For the Dow the next targets at 10,300-500.

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