Is the VIX Starting to Bottom?

08/19/2009 1:27 pm EST

Focus: OPTIONS

Thomas Aspray

, Professional Trader & Analyst

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The VIX was up sharply Monday and convincingly broke the daily downtrend. The 10/20 MAs have turned positive, also an early sign that a bottom may be forming. It would take a close above 28.50 to suggest that a low was in place. It will be important to watch the July lows on any decline.

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