Monday, August 23, 2010

Watch VIX for Next Break Out

The VIX is caught in a pennant formation. ....
By Steve Cook
All American Investor

Historically when such a pattern occurs, when the stock/index breaks either the down trend resistance or the underlying support, it points to a continuation of price movement in the direction of the break.

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Steve Cook earned an MBA at Harvard and did post graduate work in economics and financial analysis at New York University. He earned his Chartered Financial Analysts designation in 1973. Steve has 40 years of investment experience including institutional portfolio management at Scudder Stevens and Clark and Bear Stearns. He managed a risk arbitrage hedge fund and an investment banking boutique specializing in funding second stage private companies. Steve now manges Strategic Stock Investments which focuses on wealth building through strategic investments.

Original content Steve Cook, All American Investor