Pulling out to the weekly charts, both the VIX and RVX are a bit higher this week, but not too bad considering the chaotic price movement the last few days. Looking at these charts it hints a bit in favor of the bulls.
We'll have to see if those topping tails on the weeklies actually work next week.
VIX Weekly Chart:
RVX Weekly Chart:
Thursday, January 22, 2009
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