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The chart below plots VIX and SKF.
VIX is about to break down from a double bottom. If this breaks, hello 7. The last time VIX dipped below 10 was in November 2006 - February 2007.
11 years ago
Showing posts with label inverse ETF. Show all posts
Showing posts with label inverse ETF. Show all posts
Friday, January 14, 2011
Goodbye VIX, and Death of Inverse ETFs?
Seems like it, though never say never. As VIX heads towards sub-10, it is killing the inverse ETFs like SKF. The point and figure chart of VIX has 7 as the target.
The chart below plots VIX and SKF.
VIX is about to break down from a double bottom. If this breaks, hello 7. The last time VIX dipped below 10 was in November 2006 - February 2007.
The chart below plots VIX and SKF.
VIX is about to break down from a double bottom. If this breaks, hello 7. The last time VIX dipped below 10 was in November 2006 - February 2007.
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