Wednesday, May 6, 2009

Pull back tommorrow...100% guaranteed...

Or your money back :-P Then again I have been expecting a pullback for about 4 weeks what do I know...We have a spinning top on the Dailies as well as extremely overbought stochs. They have been slowly releasing results of the stress test and spinning it to the max. Tomorrow the actual news will be released, which good or bad should lead to a sell off.

We broke back into the triangle on my VIX:SPX chart. While I expect a sell off I still would not go short till the dotted trendline above is broken.


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