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Friday, March 5, 2010

COMP update - Defcon 1

Finally we arrived at the COMP target area of 2315, a close above 2317 on a weekly basis will do the trick with a weekly 12 combo count. The 13 is mandatory next week as it is double confirmed by a weekly Seq 13 count close to a TDST line it
looks like a perfect bet on the short side. Especially with the VIX making a daily 13 plus a weekly 13 Seq count plus some other technical indicators. This is supported strongly by Astro patterns kicking in next week. Get the hell out of longs is the save play egt short is a smart play. We also reached the weekly Boll-bands adding to the low risk profile.

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