Friday, February 05, 2010

Expecting some sort of ST bounce on equities now

Expecting VIX to top near 28. Other topping signal woud be: after one candle closes above BBand, expect the following to close back inside and some follow through to the downside. This should coincide with SPX ST bottom for today.
This setup is invalidated if AHours lows are taken out with authority, in such a case a break down is a given.