Friday, August 20, 2010

Getting real bearish for next week

Friday 20th OE Oex in p.m. Saturday settlement.
Trend Model
ST (days) down
Med T (weeks ) down
LT 30 cd up.
I have a jpg of what I think is a bearish 9TD fractal! Is it really a fractal I don't know. I do know this is the second time in 9 TD we are attaching the 50dma on the vix. Once we cross above it, if we do, hang on to your socks or that sucking sound will take them.

Next week I expect an assault on spx 1040 to 1010 .
This chart below is my gann 15 degree model normally 30 is used but I have had some great moves on 15 tomorrow a big move should happen.
I see a gap down am with rally into close +/-20m.
That rally should be sold. disclaimer- fun and games.













































































































































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