Thursday, September 10, 2009

Still within Forecast...negative divergences...

Still sticking to that 108 prediction. It looks like we are creeping up that green resistance line. Market is still overbought and now we are seeing negative divergences. I expect a good pullback before the final push up.

Now the VIX has me concerned as we penetrated the red support line which has held for the much of this bear market.
Finally back to this Hybrid indicator. It got me into my short position and out of my short position in good order...its starting to look like its time to build a big short position again.