Wednesday, January 6, 2010

The top should be this week.

The market has been propped up in one of the best bull runs ever. It looks to be nearing the end. For the very short term we have traced out a bearish rising wedge. Tomorrow should be down.
VIX is nearing its bottom trendline of its bullish falling wedge. The VIX should break out to the top side with 2 days.
BPSPX:CPC 20 ma is rising again. When the 20 crosses the 50ma we will take a large short position. More than likely I will increase my initial position when the 20ma flattens and starts curling down. Currently looking at FEB ATM puts and MAR puts.

Now that I am back in a routine, I will be posting more often and will put up a count.
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