Thursday, October 28, 2010

The Good and Bad intra week

In Sept we had 6 days that had 85% up vol days and zero dn lower than 10%
In Oct we have so far 1 day with 85% up vol day and 1 day with 10% dn vol.
A sign of weakness for sure.
The bullish news here is the Isee is bearish = bullish
The Vix above 20 is bullish since it was above 20 most of Sept.
I have a 109/and a 110 TDH hitting 28th and 29th connect it to EOM window dressing looks up to me. Thursday I think 1174.82 will hold, but I have an aggressive sell at 1170.09, not really expected. Of course we need to watch because the model uses just the facts man.

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