Monday, November 01, 2010

MONTHLY BULLISH CHART


Cyclical bull may STILL lie within SECULAR BEAR, double top with a lower low in place. A break of 200 month would be strong warning of next bear downleg.....MACD not crossed and bullish...making sense to you or not.....higher prices are possible until the TA says tide has turned.....using monthly is BIGGER PICTURE......short erm trends can and may experience selling fits.
Notice higher lows on the VIX (volatility index). LOOKS similar to rise in 2000 and 2007
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