Vegematic Market

02/16/2009 9:44 am EST


Thomas Aspray

, Professional Trader & Analyst

Many of the daily technical studies have oscillated between positive and negative, thus slicing, dicing, and chopping traders. For the past two weeks, the Summation Index has remained flat and just below its WMA, and even though the MAs on the VIX are negative, it is locked between resistance at 55-57 and support at 38-40.
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