Tuesday, November 17, 2009

Today was a whole lot of nothing...Tomorrow will be interesting though!

Today was spent entirely in wave 4. Tomorrow I expect either a gap up or a spike up to finish off wave 5. After that a sharp decent.
BPSPX:CPC 30ma is flattening and should start to turn up over the course of the next few weeks. In the near term I expect a pullback so the 30ma may continue down a little more.
Still exhibiting positive divergence on the VIX. I expect a sharp spike below the blue trendline and then the vix should spike up for a 4-5 days or more.

In conclusion, it looks like up and then down :-P
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