Wednesday, October 7, 2009

Still waiting...

Ok, waiting to see if ii is actually a wave 2. Right now its looking like a bull flag, so I am expecting a jump in the morning.
BPSPX:CPC is so close to crossing. So we know the top is near if it hasn't happened already. Remember this chart essentially magnifies the Bullishness of a normal BPSPX.

I don't like that we broke below the 20 on the VIX:SPX. This could essentially send us to the 0.022 area before a rebound.