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The Short Term
October 16th, 2008 at 9:21pm · 1 Comment
With the insane volatility of late, I don’t think it’s useful to bother with the 135 minute and daily charts. The 60-minute is needed to keep up with the pace of unfolding trend change. The market sucessfully tested the downside yesterday, and it can make another run up tomorrow. However, I think the ability of the VIX to easily surpsass Friday’s high is a warning sign. The very short-term is indicated to move higher, but this market certainly hold the possibility to once again drive hard and fast for new lows.
1 response so far ↓
1 tobject // Oct 18, 2008 at 3:11 pm
Chris, about “Spike Low-New Moon Differential” – that’s the average for that? and can it be lower that 45?
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