Well, it looks like we have
finally topped out but until we break some of the longer term trend
lines, I'm not getting too excited yet. Also there was a bit of a
rally going into the close, being Friday maybe it was just short
covering before the weekend.
The Double Penetration on the
Vix that we saw on the 5th and 6th was a great heads up that this
pull back was coming, now today we have penetrated out the top of
the Bollinger Bands but I really like two out and and then to close
back inside as a trigger. So, for now, I expect we open up Monday,
providing Greece calms down, and that then the selling begins
again. So, Monday will be key, be there or be in cash.
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Charts of interest.
Posted by ditch on 10th of Feb 2012 at 04:45 pm