Sunday, September 26, 2010


Wow, the move up on friday was not a surprise, but the magnitude of it was. Thursday's reading was tricky with all the candle formations pointing up. Slow stochs diverging a bit. Again SPY touched the red resistance line and finished the day near it.
The VIX pull back that far was quite surprising. I would have thought that a pullback to the 20MA was more likely and more of what I was expecting. The gap below the 20MA and then the move lower surprised me.
Based on the time series since May, the BPSPX:CPC looks like it only have 0-2 days left before it turns sharply down.
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