A Bull Market In Volatility Remains

07/25/08 10:41AM EDT
One of the most obvious bull market “Trends” remains that in volatility. As measure by the VIX Index, I see significant support at the 21.54 line, and potential for a massive breakout if fear can creep back into market psyche.

A close above 24.03 would do the trick – I see no reason why we can’t retest my prior capitulation target level of 31.

Be careful out there.
KM
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