Roy has a short update this week-end for the VIX and the SPX that the bears will really enjoy!!!** I have been at a sheep show this week-end with the family, just in case anybody was wondering why I have not had a chance to update the blog, things will return to normal Sunday evening, thanks for you patience :)
This looks increasingly like a B wave, and it will do as much as needed to get some shorts on board. Then, (probably after a low this week) it should start to head north towards 1400.
ReplyDeleteThanks for the link to Roy's blog. Interesting. Seeing as how Greece is bailed out (yet again, on a Sunday) that little pattern he outlines back to 1196 bears watching. I think binve shows something similar but with a slightly higher outcome (1204?)
ReplyDeletewhat do you think the 1179 support?
ReplyDeleteI think that only a breach of this is that the bear will be in charge.
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