TECHNICALS-NDX

While checking some of my statistics over the weekend, I found the VXN to be a bit oversold here as it is now quoted at/near the 10% below its 10 day SMA. The VXN has not been a great trading tell as it often goes way below 90% of its 10 day SMA and way above 110% of its 10 day SMA. However, I am going to keep an eye on it here as the VXN is near the level it was the last time the NDX started its rapid descent in May of 2006. Of course the NDX is also near the 2006 highs as it has been one of the best indexes in recent months.