Sunday, March 21, 2010

Still looking for a bit of a pull back before final highs...

VIX bounced off the lower BB on the dailies. Look for a move in the VIX to the 20ma.
The BPSPX:CPC 20 ma has now crossed the 50ma moving up. Nothing to do now but wait for it to curl over. We see that the divergence earlier between the SPX and BPSPX has worked itself out.
Sitting here with a 101 fever, so I am not going to do too much more tonight. Just that there needs to be a fairly sharp pullback soon.

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