Wednesday, October 5, 2011

Trader Update -data point 5 October 2011-

...price action today, following in a market driven by extreme negative sentiment and close to panic, suggests a significant bottom has been established

...assuming a bottom is in place above *1065 support, a bull market rally back to the June Low *1258 is underway

...just to be sure, a VIX below minimum 31- better below 29.3 would add certainty and sustainability  to a third leg up in the current bull market

Kind Regards

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