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Wednesday, August 1, 2012

$VIX: EW count and forecast.Monthly chart.

A follower of our blog make us an interesant question about the VIX and we will try to figure it, but not as an answer, but as a curiosity of us and will share it on our blog.

The VIX (CBOE Volatility Index) is not a stock but, as the stocks, is rule by the fear and the greed of "all" participants on the markets, so the EW waves and Fibonacci sequence has to work,equal, on this index.

If our count is right, we can see a break of the last record at 100, as a primary wave 3,up. This is only our opinion and we not pretend to convince nobody of our work.

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