Hi,First time post on the XJO thread but i wanted to share with...

Hi,

First time post on the XJO thread but i wanted to share with you the VIX chart and my thoughts on it.

I think the Vix broke down on thursday as it broke through the support line and was confirmed on friday as I think it broke the positive divergence that was in play on MACD as well. Still in a downtrend channel and has broken down into the next channel by the looks of things. It also failed to break through the long term negative divergence on the stochastics. Mind you there is some positive divergence still in play on the stochastics but.....

Also some food for thought and can I please get some opinions on this. There were a lot of capital raisings that were recently undertaken over the last month or so. Do you really think they would let the markets tanks so soon after.

Cheers