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A place for friends to gather and view stock market charts, discuss technical analysis and market outlook. What is your Principal Asset? How can it be developed? Each and all should do their own due dilligence and homework before investing. And by no means should you use anything I say or show here as a sole basis to buy or sell securities as everything is for educational experience only.

Friday, February 29, 2008

VIX has tricks for Kids

Fibbonaci doing the trick on the VIX.
Range Bound on the S&P.
The DOW is still hanging on to the triangle.
To quote that great G&R tune, "Where do we go now" The downtrend is still intact, but one must be defensive at the tops and bottoms of channel lines. One could play a very short-term Call and I kinda like the SPY or AAPL here, but a tight stop would be imperative. Otherwise waiting for a better PUT entry prior to the unemployment numbers on Thursday will be the plan next week .

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