Monday, August 24, 2009

AM POST "I'M BACK"


ADJ MONEY BASE punch bowl leaking?
BDI forming triangle, will break out soon, this is NOT the picture we want to see if economies of world are recovering, also ROC rising with move.
Rally seems intact, but remember going into OPEX FRI I said "too many PUTS" and they would mst likely expire worthless, and they did.
SPX 1050 is are many are watching, VIX holds weekly support, bullishness growing as we approach SEPT, will there be TOO many bets on table for typical SEPT_OCT trouble for market?
D

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