Tuesday, January 22, 2008

Volatility is sickening


VIX went up again to the previous high. Futures are falling apart again.

This market is becoming very annoying to deal with.

Market breadth indicators are showing extreme readings which noted during the last several weeks. Now, some breadth indicators are showing decade low readings.

Hope that the Fed action was not another first class fooling day; otherwise, it would be another banking on the permanent distrust of the Fed actions.

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