“We are all agreed that your theory is crazy. The question which divides us is whether it is crazy enough to have a chance of being correct. My own feeling is that it is not crazy enough.”
― Niels Bohr
Click on any chart to engorge it
Click on any chart to engorge it
Volatility Shows Bullish Falling Wedge
The Volatility Index for US stocks has perhaps formed a bullish falling wedge since the panic level highs of May. A breakout to the upside would forecast a return to those highs. Stocks would most likely get crushed.
