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You Are Here: Home > Articles > Contributors > Summation Indices wobbly

Summation Indices wobbly
Aug 28, 2008

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Declan Fallon

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The indices continued to undo Monday's sell off. The only watch points are the breakouts of declining wedges for volatility (VIX and VXN) as the parent indices test support.
The Nasdaq bounced off support, but the Summation Index is close to reversing the recent 'sell' trigger; so this will put things back on hold.

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The NYSE Summation Index looked to be on the verge of a 'sell' trigger until Wednesday's advances pushed it higher. Watch how the consolidation triangle in the NYSE breaks
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by Declan Fallon (Fallond Stock Picks)

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