Sunday, December 6, 2009

This week will be interesting...

Looks like 5 waves down from the top. It also looks like we have nearly completed a wave 2 retrace up...just a bit more to 62.8.
Vix BB contracting on the daily...we will get an explosive move soon. My bet is that we are a little bit up monday, followed by potentially the start of a wave 3 down.
VIX:VXN signalling sell as well.

Conclusion...maybe up early on monday followed by a sharp down turn.
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