Trader Update - data point 21 December 2011-

...an ultra bullish (Trin: *0.2) trading day as a result of a surging market makes sense versus shorting following yesterday's ultra bearish display finishing close to strong support

...VIX confirms down trend with lower Low *23.22 -below *23.27-

...as price action in correlation with short term upside momentum align ideally for higher prices, the market now can simply not afford to dislay signs of hesitation - traders have to keep the surge on short of some intraday weakness around the 10 points mark - since fully invested portfolio protection has been reduced above *1225.60, any hesitation above the tolerable 10 points level will have to be met with uncompromising protective measures back to the 50% protection initially

Kind Regards