Friday, March 12, 2010
We keep building the short position slowly but we need a brief spike next week in or o trigger the weekly 13 for the VIX and to complete the TRANS 13 as well. The Dow has completed the mission but can still make a brief spike to the 1070-800 as the Trans needs to make a bit of upside. The SPX made it up to 1163 in the 2003 march to 2004 march rally so the 1150 is not that ultimate point as some make it - actually a divergence would be a perfect top. Next week we kick off with a very volatile New Moon which should be not positive as usual since it is in opposition to Saturn - after we did not have the negative bias with a stationary Mars overruling the Venus effects and a little help from the Rothschild boys. we have to watch carefully for the next 1-2 days to see if and where to get more aggressive depends mostly on the VIX who managed to close at the weeks low almost which is good for our case.
Posted by getagrip at 2:21 PM