Tuesday, February 2, 2010

Finally Minute [ii]...

Out of town last night, but finally it looks like Minute [ii] is well underway. My (iv) should be moved to the right slightly. Looking for a small move down or sideways motion tomorrow, followed by a final run up to end Minute[ii].
The VIX has retreated to the 20ma. Will it bounce on the 20ma or make a run for the lower BB for a much deeper retrace. At this point I don't know, if enough bulls jump on board we can have a sharp deep retrace up to the 78% area. There is still another day or two for minute[ii] to play out.
BPSPX:CPC is still looking good. Still another week or so before we get a confirmation.
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