Wednesday, July 27, 2011

NASTY !!!!!

If the Transports do not stop here and continue to decline things could get QUITE NASTY in the markets.
Watch the following levels
  • VIX above; 23 on a closing basis.
  • SPX 500 cash below 1295.92



3 comments:

ARM said...

I'd be a buyer at 5120

Fibocycle said...

yes indeed...the 5120 is an interesting point: the up trendline is at the same level as the 200 day moving average....

Fibocycle said...

Nice call ARM.... :>) (Silver Bullet)