Tuesday, June 8, 2010

Still expecting a new low before the rebound.

Thanks to mindmeld.ws for making this awesome macbook air available to me to post blog entries :) My trading has been doing much better while I have not been blogging. As shown above the BPSPX:CPC crossed the 20MA moving up late last week. This is an early indication to get out of short positions.
The VIX daily has retraced to the 20ma. I really expect a move up and a new low before the VIX decides to make a trip to the lower BB.

The green area is my target area before the rebound. Off to download the developers kit for the iphone now!
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