Thursday, February 4, 2010

2/3 - stage 2b

SPX - wave C about to start?


SPY - below resistance but possible h+s formation as well


QQQQ - super light volume every day of this pullback


RKH - below 30ema and lower lows now


VIX - weak though...


  • to me, the feel is that the rug is starting to get pulled from under the bull's feet
  • a doji day on light volume yet again makes me think that buying is already slowing down
  • problem is that anything can happen and a push down just seems to obvious so a short squeeze on a huge gap up tomorrow is possible

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