Tuesday, September 7, 2010

09/07/10 Update

SPY formed a bearish evenstar formation which is considered high reliability for a bearish turning point.
VIX formed a corresponding bullish eveningstar formation
VIX:VXV setting up for a launch yet again...
Finally...DING DING DING...BPSPX:CPC 20ma has crossed below the 50MA...the down turn is confirmed!
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