Wednesday, February 17, 2010

Thats probably about it...

The move today should be about it. There might be a small move to the 110.5 area, but there is strong resistance there. I am loading up short right now. The green area is my target for minute [ii]. I expect minute [ii] will end and we will break that trend line I have drawn on the stochs.
A small move to the red line on the VIX is possible then I am expecting the next major VIX move to push us to the 31 area or higher.
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