Friday, April 17, 2009

Mid day Apr 17th

11.20 a.m Key day according to the astro gurus. Lets see how good they are? That being said, the VIX is getting awfully close to a 20 month MA (~ 33). Definitely expect a strong bounce off this.

5.00 a.m Divergences galore. But the price still keep going up. The mclellan oscillator recorded is getting wound up in a triangle. Something is going to give very soon for a drastic move. We like the downside. But we will wait for the ascending wedge line to break before trying to be a "hero". The astrogurus missed today - may be right on monday, who knows?

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