Wednesday, September 24, 2008

$BPFINA - getting ready for a huge move down?


This is a pretty weird pattern on an expanding wedge, but stochs are oversold and XLF still hasnt broken out. If it does break out, then we might get a pretty big rally.Regardless lots of conflicting indicators.

VIX is really high. Almost unsustainable at these levels

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July 11 - GLD sucks

stopped out of GLD yesterday for -25%.  Holding off on reentry and maybe will enter if we drop another level. SPY on the other hand is crus...