The rising wedge shown by the red dotted lines is ending soon. Could it strive for a double top?
Positive divergences in the VIX compared to SPX. This again points to a top being near.
BPSPX:CPC was down today even though the BPSPX was up and the market was up. Still waiting for it to fall below its 20ma before the turn around.
Monday, October 18, 2010
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