Red

sun, if this is a ritual day like jan 19th, wouldnt that mean we put in the high today? not only was the market rejected at your 3 containment points, it also was rejected at the 50 day ma.

Did you see Mole's post, he got a VIX buy signal.

That lines up perfect with a move down to the fake print of 111.30 spy, and then back up to 1145-1150 spx to shake out the bears, and then a plunge to 105.00 spy area.

That's what I'd do if I controlled the market…

Bulls need to up the dosage of Cialis…….

Rejected again @ twin TL
http://www.flickr.com/photos/47091634@N04/45995…

Rejected @ 3 daily containment pts.
http://www.flickr.com/photos/47091634@N04/45995…

Yeah the operators could have done it today @ 117.80 & they didn't which tells me it will get backtested in the 1145-1150 area

Sun – the teal line around 117.75 – 118 ?

Which MA is that one ?

During ritual days there isn't anything to do or see, so I've been out enjoying the Sun.

We're going to back test max contain (teal line) on the 60 in the not too distant future
We can either go sideways for another day & test it or dump 30 pts. & back test it in the 1150 area.
http://www.flickr.com/photos/47091634@N04/45995…

all i know is GS and Oil are getting hit.

I can't believe how it's playing out.

Now if we can get past this blue chip rally, we're home free.

We may close higher but tomorrow should be a thing of beauty me thinks.