VIX Still High

10/20/2008 2:35 pm EST

Focus: OPTIONS

Thomas Aspray

, Professional Trader & Analyst

chart

The Oct. VIX surged last week to another all time high but then closed lower on Friday. Before the close Monday it is also lower. The uptrend and moving average analysis is still positive as fear remains high but a decline below last weekʼs lows at 45-46, basis Oct., would be the first sign that the trend is changing.

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