Friday, November 14, 2008

SICKLICAL, Dow and VIX

IF AND WHEN VIX FALLS BELOW 40 I WOULD SAY THE LONG AWAITED BEAR RALLY WOULD BE IN PROGRESS. THE 2 MA'S HERE ARE PROBABLE RESISTANCE AND I WAS LOOKING FOR A POTENTIAL RT SHOULDER TO FORM NEAR 9250 AREA. IF THAT WOULD HAPPEN WE MIGHT GET TEST OF LOWS AND THEN SHOULD THAT HOLD....OF WE GO!!! IF NOT? DONT ASK.....
CONSUMERS ARE HURTING, A RALLY IN 2ND CHART IMHO IS NEEDED TO EXTEND BEAR RALLY

EXTREME VIX SIGNAL IS ONE SIGN OF COMING BEAR BOTTOM OF SOME KIND IMHO, BUT IT TAKES A BREAK OF TREND TO CONFIRM, WE DONT HAVE YET.
WE MAY HAVE HAD THE TEST OF BOTTOM YESTERDAY WITH SHARP REVERSAL........MY THINKING IS THERE MAY BE ONE MORE COMING,,,RISK IS HIGH TO BE GUESSING NOW, BUT WE NKNOW AT SOME POINT THE FEAR GETS BAKED IN.
WE ALSO KNOW IN MOST CASES THE MARKET WILL BEGIN TO DISCOUNT BEFORE WE ACTUALLY SEE IT GET BETTER IN REAL LIFE.....SO MUCH MONEY BEING THROWN AROUND........SO MUCH BEING DESTROYED......HAS ENOUGH BEEN DONE TO DEFEAT DEFLATION?
D

1 comment:

Anonymous said...

MAN YOUR UP EARLY! NICE WORK!