For now the VIX is providing a nice PUT opportunity with a tight stop at the $36.72 Fib level.
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- Rodney
- 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.
Thursday, September 25, 2008
Market held captive by Government
The major indicies are crowding up to the trendline off the July lows and the market is definitely being held captive by a Government that requires credit be given to the "savior" of the financial system. I'm holding true to the belief that there will be a deal prior to the opening of Monday and stocks will surge off of the "Relief" to the liquidity situation. However, ultimately this rise will turn out to be the Bears opportunity to reload for the impending doom fall of terribly bad earnings to come.
For now the VIX is providing a nice PUT opportunity with a tight stop at the $36.72 Fib level.
For now the VIX is providing a nice PUT opportunity with a tight stop at the $36.72 Fib level.
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