Longer-Term Market Trends Message Board

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Strategies & Market Trends : Longer-Term Market Trends

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To: jjstingray who wrote (2130)	4/2/2009 8:02:24 PM
From: morokko65	of 3209

The uptrend line was so steep it trends out to $865-875 on the SPX for a backtest looks like a gap up is brewing for friday, maybe I'm talking my position (long inverse funds on this rise....) but the way CNBC media pundits are talking up a new bull, I think a trap is being set look at the weekly VIX: stockcharts.com It looks coiling/bottoming to my eyes, maybe it backtests 35, but that might signal "dessert" for this move

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