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Here is current chart of the vix. It still hasn't reached the Oct. 98
highs. Could this mean that there is more to come or could we be
looking at a spike down that could prove to be a temporary bottom?
With the market down 650, could all those that want out be out or could
there be redemptions for the next couple of days that would drive prices
even lower? Time will tell, but we are currently starting to hit my
lower targets. I have Nasdaq targets, which means support, if only
temporary, of 1370, 1080 and 860 is my lowest target as of now. It is
strange, but we are at my lower targets on the Dow at these levels.
Could there be a bounce in the Dow from these levels? Good trading, and
volatility is your friend. Ira.
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