I agree, or should I say that if it just consolidates that is a
more bullish outcome for a better rebound. I am keying off 1225 SP
cash, then 1234. My uncle point is two points below yesterday's
low. If I could have my Xmas wish granted there would be a nice
last bull trap rally that gets the VIX to 20 or lower and the SPX
to 1300 or higher, before the trap door opens. This whole thing is
a 1987 fractal IMHO
also breaking the downtrend lines on the 15, 30 min channels on
the SPX would be significant for the bulls, that's something to
watch, obviously that's still quite a ways away for now
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I agree, or should I
Posted by PA on 15th of Dec 2011 at 09:56 am
I agree, or should I say that if it just consolidates that is a more bullish outcome for a better rebound. I am keying off 1225 SP cash, then 1234. My uncle point is two points below yesterday's low. If I could have my Xmas wish granted there would be a nice last bull trap rally that gets the VIX to 20 or lower and the SPX to 1300 or higher, before the trap door opens. This whole thing is a 1987 fractal IMHO
also breaking the downtrend lines
Posted by matt on 15th of Dec 2011 at 10:01 am
also breaking the downtrend lines on the 15, 30 min channels on the SPX would be significant for the bulls, that's something to watch, obviously that's still quite a ways away for now