Wednesday, December 5, 2012
a W4 abc, sure the AGET bias went to a sell.
We see a series of pitchforks. We see what I think will hold 1400 SPX or 1393 worst case.
Sure we have a lot of crossovers on MA's. ready to kill this market.
But my spreadsheet doesn't agree.
The Vix is hitting 17.XX right where the last low appeared.
We have a 55TDL Wednesday but the oversold condition we had should have us hit the current high again for a double top at least.
Still in cash not ready for puts yet. Not investment advise.
Posted by Jerry at 1:23 AM