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ain't no fortunate son » Comments » CEPH

  • Little Rays of Sunshine in the Markets [View article]
    Waiting to see which way it breaks before committing large $$ is the key. The VIX is stuck between its 50 EMA above and its 200 EMA below... if it breaks out above its 50 the market should get hit, conversely a breakdown below its 200 would set us up for a major rally. Its a tight formation right now.

    The good news for longs is there are lots of nice solid 3 month flat and inverse head and shoulders bases setting up on stocks, ETF's and indices that could make nice moves on a breakout.
    Feb 06 13:22 pm |Rating: +1 0 |Link to Comment
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