Aug 7, 2012

Short term update

On last Thursday we saw -18 points and the VXO was negative so I called this move a bluff. Now we have +12 and the VXO is positive so I think that this a short term top. Lets see if I will be right:)
There were now pullback and I think that the short term picture is evolving to an ending diagonal which is pointing to 1420-1425.... divergences on the MACD and the histogram so its looking promising for a short term top.

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