Monday, September 6, 2010

09/06/10 Update

This should be about it on the count. It is possible that we are still tracing out Minor 2 as postulated by Daneric. I do not think that is the case especially based on the BPSPX:CPC.
We pierced the lower BB. VIX has not done that in quite a while. So unless we are actually in a new bull market, this situation will not last long.
The BPSPX:CPC 20ma is soon to cross the 50ma. A good size drop is around the corner. I accumulated Sept quarterlies on Friday along with some atm Sept puts.
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