Wednesday, January 28, 2009

Bonds and VIX morning update

TLT can be hitting resistance as discussed here recently, so if short-term trading check the indicators at these levels up to ~111. VIX candle body testing new hypothetical lower channel line (and interesting spike poking my .786 retrace number) - swing traders will need to see if this lower channel line will be support, in keeping with the possibility that we're only seeing a C-wave of a bounce as mentioned earlier this morning here:




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