We bounced Nicely off the blue trend channel. There is a lot of upside resistance. Makes me very cautous. but optimistic... I've put a stop on my short hedge.
Tick value has gone positive, and seems to be trending up
The Vix, once retesting, failed, and the trend is now providing resistance... and I think is ready to break down... This is important as a Que to get Defensive... and get more aggressive if we break 25.40
Thursday, July 10, 2008
good, but still Cautous, we put in an important low.
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