Friday, December 21, 2012

Calls for more down,maybe


                                                                                 Just how much the day changed.

This snap was taken at 11am and looked like a crash day.
As you can see by the close the vix had improved
second chart.

We also had buying start to appear after lunch. With all the news on Cliff if we didn't crash there then I find it hard to see Monday down.





If we look at the $CPCE it suggested a bottom was coming so was that it?

I just don't have enough data on my spread sheet to suggest we were overbought enough yet.
As we rallied I kept getting only one indicator in sell mode out of 3 so I need to be suspect that many will not see this as a buying opportunity.

Stay tuned.


Jerry

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