Another VIX Warning

03/03/2009 1:43 pm EST


Thomas Aspray

, Professional Trader & Analyst


The VIX broke its previously noted downtrend last week, then after dropping back to its MA, has turned higher once more. This appears to be setting the stage for a move through resistance at 57, which would suggest a rally back to the 70-80 area. This would indicate more heavy selling in the stock market.

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