$VIX and the power of trend lines - i haven't looked at the $VIX in quite some time, but a while back i drew that red downtrend line before that final spike highlighted by the blue circle ever existed. that spike resulted from tuesday 27 feb 2007 plunge. for my charting i use the basic/free version of prophet.net java charts - the application saves your drawn trend lines and extends them out to infinity for you, so over time, as days and price action accumulate, you can see how they react to or ignore these lines. check out how the $VIX ran right up to that trendline and bounced down - pretty predictive, right? you can bet that if the $VIX breaks through this downtrend line and holds above it, the markets will be much less complacent.
ISSC - it's rare that i post long suggestions, but this chart is a beauty, and i will follow it just to see how it develops. again, breaking through the blue line and holding it is key for entering this position long. on the flip side, if the stock fails here, it most likely becomes a great short candidate.
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