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IBDvalueinvestin (99.68)

"Market Rebound Today" VIX (VXX) a great indicator of markets next move.

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July 20, 2010 – Comments (2) | RELATED TICKERS: VXX

As you can see people are now selling off VXX after $27.51 high today, and even though the market is down triple digits, the VXX is now only up .45/shr which is telling me the market should rebound today.

2 Comments – Post Your Own

#1) On July 20, 2010 at 10:20 AM, IBDvalueinvestin (99.68) wrote:

I actually see many stocks turning green..

 

V, LCC, DAL,  IGTE, BP RTP, APC,RIG, MOS, JOYG,CMP, BVN, IAG, PWE, SFY,EUO, GNK, NM,EXM,CF,POT,DD,BG,IPI

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#2) On July 20, 2010 at 1:57 PM, IBDvalueinvestin (99.68) wrote:

Hate to say I told you so, VXX is now down heavy and market has rebounded all the way back.

 The VIX trend never lies. When you see it declining when the market is red , you know a rebound is coming in the market.

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