Recovery on Cards

By | October 10, 2008

CBOE VIX weekly chart: On most occasions, whenever the VIX IDX hastouched an intermediate high, it’s normally followed by a rally in the US markets. This timetoo, with the VIX hitting a life time high, we may see the US markets producing a bounceback, though it should be clearly stated that such an up move would be purely technical in nature

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