Regular readers are well-acquainted with one of the tools we
frequently use in forecasting VIX: the channels on its daily RSI chart.
On April 18, with VIX at 18.70, RSI channels helped me forecast a high
of 27.13 [see: VIX at a Crossroads.] VIX reached its yearly high of 27.73 on June 4.
Being able to accurately forecast VIX enabled us to capture most of the downside from 1422 to 1266, and most of the upside since. On June 2 [see: Channeling VIX] I reiterated VIX's impending high and called for a reversal to 16.84.
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Being able to accurately forecast VIX enabled us to capture most of the downside from 1422 to 1266, and most of the upside since. On June 2 [see: Channeling VIX] I reiterated VIX's impending high and called for a reversal to 16.84.
An ideal .618 retracement of the difference between A and D indicates a downside of 16.84, realistic if stock market takes off again.Earlier today, in addition to reaching this target we spelled out six weeks ago, we had an important development that strongly supports our latest equity forecast.
* * * * * * * * *
The first 100 annual members got their membership rate grandfathered for the life of the site. To celebrate the success of our last quarter, I'm offering the next 37 annual members something nearly as cool.
Annual memberships rates go up $100 on July 28. But, the next 37 annual members to sign up by July 27 will save 37% off the new rate. That's an $800 membership for only $500 -- about what you'd pay in 12b1 fees on a mutual fund for a $10,000 investment.
Just enter the discount code SAVE37 when you sign up. Thanks!
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