Thursday, February 24, 2011

1306--1271 Levels to Watch

  • The 1306 level-- 21 day ave of lows-- is providing short term support.
  • 1271-1275 next support
  • VIX: Short term breakout--a move > 23.40 would add legs to the surge.
The market behavior between now and March 4th will reveal clues as to the possibility of a significant trend change--or the resumption of 'loads of cash' 'climbing a wall of worry'.

No comments: