Sunday, April 19, 2009

Still wedging...

To big a todo list for the wife this weekend. Still in the wedge...we have room for another trip to the lower trend line and back to the top of the wedge before breaking. But everything is flashing overbought so I expect it to break on the next trip down.

VIX:SPX is experiencing a throwunder. We should pop back in its bullish falling wedge in the next day or two.