"As a technician, I feel that there are few analysts that offer value for me, but you do. Your work on Gold ratios has helped my analysis greatly." --Jordan Roy-Byrne, CMT (The Daily Gold) 4.9.10

Monday, January 26, 2009

60 min. VIX chart updated

Remember our VIX parameters from last week? VIX is at do or die and bulls need to break it down here. It has lost the 60 min. EMA 50 and MACD has declined below zero following bearish divergence . These are good first steps.