We are stuck in the grey area for the moment. Will we pop out and try to make a new high or are we in the slow roll over to oblivion?
CPCI:CPCE has crossed over during this down turn, it did not during the previous bounces...thats one vote for oblivion.
VIX:VXN (I dug this up from a year ago) just bounced off the red line which generally means the market is going down...but as noted in the chat above it has not been reliable recently...half vote for oblivion...
VIX really wants to go up...so my guess is the market will be heading lower over the next few days.
We are stuck in the grey area for the moment. Will we pop out and try to make a new high or are we in the slow roll over to oblivion?
CPCI:CPCE has crossed over during this down turn, it did not during the previous bounces...thats one vote for oblivion.
VIX:VXN (I dug this up from a year ago) just bounced off the red line which generally means the market is going down...but as noted in the chat above it has not been reliable recently...half vote for oblivion...
VIX really wants to go up...so my guess is the market will be heading lower over the next few days.
