Sunday, August 15, 2010

Sunday update

A little bear pennant formed on Friday. The target for the rising wedge is about 106, which looks like a good target for the bear pennant and the end of a wave 1 down.

The VIX can take another shot at piercing the upper BB. After that I suspect it to travel to the lower BB.
BPSPX:CPC is starting to curl as the dailies have been below the 20ma.
blog comments powered by Disqus