VIX Turns Higher

11/20/2008 9:25 am EST

Focus: OPTIONS

Thomas Aspray

, Professional Trader & Analyst

chart

The moving averages turned negative on the VIX November 7th, but reversed to positive with Wednesday's close. This suggests new increases in volatility and fear are likely. Another down leg in this bear market is looking more likely, and this could take the VIX back to the 90 area.

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