The daily chart of VIX is saying the market oould be turning down. The hourly chart shows the location to go long VIX if there is pull back early next week.
Friday, December 19, 2008
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This is a blog on my perspective of market direction
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2008
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December
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- Shorts candidate
- GOOG is a shorts when it break down its lower tren...
- IWM exhausted its mini rally and turning back down
- Gold rally going to continue into 2009
- USO completed 3 months down trend?
- Down trend channel formed in IWM
- IWM broke down yesterday
- AZO moving down
- OIH continue to drop as crude price decline
- Market down today and next week
- Shorts ideas - Gold miners
- XLF could be back testing broken uptrend line
- Long ENER while EUR/US continue to climb
- EUR/US shows continue strength
- EUR/US dollar break out
- Some long ideas
- Removing the noise, we 're going up
- Market will pull back as it wait for Auto bailout ...
- Market U-turn
- Major shorts squeeze next?
- Sign of bullishness in NQ
- Critical juncture
- Market went up huge too fast. Time for pull back.
- Breakout in futures hoping for a back test?
- IWM back tested the broken trend line
- Market still trying to push higher
- S&P500 hourly shows that market wants to move higher
- Market moves up on bad news.
- Bearish wedge in IWM
- IWM broke trend line to go lower
- Market direction for the coming weeks
- Correction underway
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December
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