SPX:VIX broke below a rising trend line but never made a lower low
today, even as the S&P made lower lows. This, for now, is
suspicious, but if tomorrow it firmly breaks the prior renko level then
this downtrend will get continuation lower. I still suspect with the new
moon coming on the 13th that the market might find some legs between
now and Monday, but should drop into the full moon around the 25th of
the month where it might find a bottom or the bottom of this move.
Thursday, 8 November 2012
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