The bearish weekly 2x1 angle is at 1414 this week,1404 next week.We had a strong move yesterday off Fridays hammer .AAPL hit my 525 target (actually hit 505 intraday) and rebounded strongly and is a key stock to monitor for this rally.Hard to fathom the gap down in the Vix. We have bullish seasonality coming up with Thanksgiving so bears need to be cautious about entering short too early unless you are prepared to use wide stops.Internals were very strong yesterday but my feeling is that this rally should end somewhere around 1395-1400
Tuesday, 20 November 2012
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