Sunday, August 30, 2009

Still with in the forecast...

We have not broken out of the green resistance line that served as support during the early part of this bear market. I am still looking at 108 (50%) retrace as the turning point. Its hard to see it going higher from here, but what the heck I picked a spot :-P

Vix is holding the red support line...
Looking for this indicator to give me a hint...once it crosses over, that could be all she wrote.

Sorry for the sparseness of updates, but I am extremely busy with multiple projects.


Trader Kirk said...


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