Hi All,
I have written an artcile on "Stock Market Correction is Imminent"
Sep 19, 2010, CBOE - Volatility Index (VIX) closed at 22.81 and S&P 500 index 1125.59 on Friday Sep 17, 2010. This low level of fear gauge giving as a sell signal and to go long on bear ETFs.
From Aug 26, 2010, Dow Jones was up on 12 sessions out of 15 sessions. NYSE Volume is still at low levels about 30% below so far in the month of september. For example, if we take Bank of America (NYSE:BAC), the 10 days average volume is at 132 million shares which is about 1.31% of total shares issued. It shows that that only less than 2% of shares in the trading activity which may most likely to come from speculators rather than investors.
Once the panic begins,.....
Please visit http://www.softwareandfinance.com and click on the topic "Stock Market Correction is Imminent" under most recent posting to read the entire article.
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