Tuesday, August 4, 2009

Hanging man...but looks dangerous...

A little bit of a bearish hanging man formed. But it looks really dangerous. Stochs have curved back up.
Vix is showing a little bit of a shooting star. This is looks positive for the market as a falling vix should imply a rising market.

Finally, we are about as bullish as we were at the top of the market.

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