Sunday, February 12, 2012

Trader Update -data point 13 February 2012-

Top of  Head Stuff:

...SPX 500 tested *1337 and closed below the 9 February 2012 Low *1344.63 - the VIX testing its 50-dsm and closed bearish *20.79 outside the descending wedge -on a line chart, the first outside Close would be above *19.60- a result, the market may rally once more to test the latest High (the index is heavily overbought in the long term time frame, but has room to move up on the daily) - however, risks are now very high, a corrective draw down has started already - 85% portfolio protection in place

Kind Regards

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