This chart is hanging around beneath the all important 200 day ma for longer than is comfortable if you're a bear; at least if you're a bear that likes to remain whole. MACD and Trixy have broken their coiling to the downside and the VIX feels heavy, which means the stock market feels light. I am by no means giving myself the all clear, but I did reestablish a couple bull positions today in productive companies. I love this ongoing drama, don't you? Edit (4/11 @ 9:37) Err, nice whipsaw. Thanks GE.
Thursday, April 10, 2008
VIX intact but...
This chart is hanging around beneath the all important 200 day ma for longer than is comfortable if you're a bear; at least if you're a bear that likes to remain whole. MACD and Trixy have broken their coiling to the downside and the VIX feels heavy, which means the stock market feels light. I am by no means giving myself the all clear, but I did reestablish a couple bull positions today in productive companies. I love this ongoing drama, don't you? Edit (4/11 @ 9:37) Err, nice whipsaw. Thanks GE.
