VIX—Fear Still High

10/30/2008 2:04 pm EST

Focus: OPTIONS

Thomas Aspray

, Professional Trader & Analyst

chart

The daily chart of the VIX shows that it turned up Wednesday and shows no clear signs (yet) of a top. In the past year, many market lows have coincided with a top in the VIX. The 10/20 MAs that turned positive in early Sept. would need some time before they could turn negative.

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