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E-Mini Nasdaq Futures Volatility Forecast (05/12/2010)

The last week we advised investors to look at the 2180 area and our forecast proved extremely accurate since futures prices are now around 2188. The E-Mini Nasdaq futures volatility chart shows a downward sloping curve which touched 0.7% (11% annualised) and accompanied the steady rally that the price saw over the last week.

The fluctuations that this market experienced and the great steadiness of price to unemployment figures seem to suggest a further rise towards the 2200 area.

The volatility should rise again but not significantly and the up move should continue until the end of December.

The staff of HyperVolatility still believes that these readings are pretty low for the Nasdaq, however, the first half of the next week should see a short term retracement that will revert as we approach the weekend.

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