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[Rogerdodger]

Looking at recent patterns, I saw that the VIX often crossed the 20ma (BB midline) and touched the upped BB only to reverse.
There was some trendline support on the SPX.
So yesterday I asked myself: "Would you buy this market with such bad jobs data all week and the Employment Report coming out?"

My answer was a resounding NO!

A buy signal in my books. (I figured a lot of trader's felt the same fear.)

Yesterday's lows are my stop for now.
http://stockcharts.com/c-sc/sc?s=$VIX&p=D&yr=0&mn=11&dy=0&i=p88410772853&a=179964330&r=4381.png

Edited by Rogerdodger, 06 May 2011 - 09:42 AM.