The VIX/Vix Future Chart sets up for a possible encore of 2008.
Interpret A-B-C as follows:
A) Correction could come maybe tommorrow
B) ....gee I think it's coming now...
c) ....no, not now...
The 2nd "not now...." means complacency and indicates the chances for a HIGH and for some severe punishment....
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ReplyDeleteLooking at TLT, the correction in equities is long overdue. TLT is almost near to breaking out into triple digits and that is clearly giving right signs of where equities are headed for.
Thanks again for all your hard work. Appreciate it.