VIX technical - Bernanke has to go

First of all, to listen to Bernanke is disgusting - this guy has no balls and to some degree I understand he is playing CYA - after all, he is human - but to call the current situation a short-term financial crisis is outrageous. In order to solve this deep crisis, the world needs different leaders- that pretty much includes all current leaders in most countries.

The XIX weekly did the regular thing. As you can see, it snapped back down to the weekly Bollinger and latest at 60 it will turn back up and rise against to 80 shortly. We counted finally the 11 Combo daily on Friday and need to go up and finish it by a 13 count. We are in week 8 now, as you can see, and usually a lot of trends do enter at least a corrective move after week 9, but that has a tolerance of 1 week by 50% of the time and in some rare cases even another week. Thereby, if we enter a major trend (which is possible), we might even count beyond the so-called setup (those are the green counts) and still make a corrective move for some weeks. These are just a set of good indicators to make low risk investments or trades. So, the least we should get is the daily 13 combo before we decide if it's right to take the long side of the market.