This is a blog on my perspective of market direction
Saturday, November 8, 2008
S&P500 racing to 1160 next week
SPX broke the down trend line on 29 Nov 08 and on Friday, 7 Nov 08 kissed the same trend line good bye. Wave 2 is completed and now it's on the race to complete wave 3 at 1160.
(60 mins)
VIX broke trend line and formed a bear flag.
(60 mins)
And we also have new uptrend channel formed on major indices...
2 comments:
Sweet charts! Maybe post them with volume next time?
nice charts--i posted the link at my site.
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