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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, September 5, 2008

The VIX will define the direction..


Which will it be?
Market Bears: the VIX made a higher low and is merely pausing to break out of the current range?
Market Bulls: The sell off today capitulated at almost the exact level of a previous turn and is now at the right shoulder top of a H&S pattern and will thus test the bottom of the current range.
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