VIX Topping?

11/10/2008 3:17 pm EST

Focus: OPTIONS

Thomas Aspray

, Professional Trader & Analyst

chart

The ten- and 20-day MAs crossed on Friday, as they had been positive since early September as we noted on 9/5 with our chart "VIX Signals More Selling." This does not confirm that a low is in place, however, as we could still chop around for some time. A drop below the support at 40-45 would be more conclusive.

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