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
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VIX: has still plenty of room to digest its breakout, yet still be
above the wedge line.
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Gold: same story as the VIX, just 1 day behind it on the pattern, appears off to the races.
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USD: Coinflip, lines in the sand are clear and identified as well as narrowing.
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Disclosure: 100% cash
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