Saturday, October 11, 2008
Charts from Fullermoney
I am a paid up subscriber of the Fullermoney service and am using some of their charts from Friday. Click the chart for a larger image.
The first chart is the VIX an index measuring volatility conditions in the market. This is the highest level since the index started trading which was after the 87 crash. Estimates of the crash day vol are higher still.
The second chart was sent in by a Fullermoney subscriber and show the current S&P relative to its 200 day moving average. One cannot know how far down this chart could drop but levels this low do usually mark major lows.