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Thursday, January 24, 2013

VIX - long term support band

Below is a long term VIX support band chart


Weekly chart indicate we are at major support levels.  3 brown lines represent high, low and midpoint support levels.  12.28 is midpoint.





We cleaned out stops above 1499 to 1502, but we're not near the Gann date, so we may hang around here for a bit to grind out shorts.  Smart money needs to digest it's big meal until 1/31 or 2/5



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