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Posted By Barry Ritholtz On August 16, 2012 @ 5:24 am In Technical Analysis | Comments Disabled
On Monday, we showed Dick Arms’ chart correlating this level of VIX with subsequent market tops (The Disappearing Market ).
Since then, Market Tech Reports  noted the percentage drops associated with the VIX at this level — from 6-19%. Its noteworthy that each of these falls have been arrested and reversed by Fed actions involving QE or Operation Twist.
click for larger chart
Source: Market Tech Reports 
Article printed from The Big Picture: http://www.ritholtz.com/blog
URL to article: http://www.ritholtz.com/blog/2012/08/vix-pullbacks/
URLs in this post:
 The Disappearing Market: http://www.ritholtz.com/blog/2012/08/the-disappearing-market/
 Market Tech Reports: http://markettechreports.blogspot.com/2012/08/market-top-indicators-vix.html
 Image: http://www.ritholtz.com/blog/wp-content/uploads/2012/08/spx-vs-vix-tops.png
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