Just released an interesting detailed report on Global Indices/Nifty View and Technical Picks for subscribers of Technical Traders Club
One of the charts in the report.
- Dow Jones and VIX have an opposite co-relation.
- VIX has hit 25-30 levels yesterday and this is the highest in last 2-3 years.
- The maximum VIX was seen at 60-80 in 2008 and 45 odd in 2008/2010/2011 with all the bad news.
- We believe in the short term we are bottoming out over the next few sessions in Dow Jones.
For Nifty View and Technical Stock Picks – Technical Traders Club