VIX Range Bound

12/04/2008 1:00 pm EST

Focus: OPTIONS

Thomas Aspray

, Professional Trader & Analyst

chart

The VIX has been in a broad trading range since the October highs, with the 10/20 moving averages turning back to positive on November 20th. Clearly the fear level is still high, but a daily close below 52 would be the first sign that a top was in place. For now, expect more wide ranges.

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