Thursday, September 3, 2009

VIX leads, Gold follows

Breakouts: Tue....Wed

SPX: Looks time for a retracement move back up here is due to correct some of the down move from this week
VIX: has still plenty of room to digest its breakout, yet still be
above the wedge line.
Gold: same story as the VIX, just 1 day behind it on the pattern, appears off to the races.
USD: Coinflip, lines in the sand are clear and identified as well as narrowing.
Disclosure: 100% cash
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