Sunday, January 23, 2011

01/23/11 Update

Sitting at the 78% retrace level. It has been a huge march up since last September.
VIX printed a huge white candle. So is it a move back to the MA before a huge move up?
BPSPX:CPC may have turned over. We will need a few more days before we can tell for sure, and even more time before the 20 crosses the 50.
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