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[Freefall]

My trend buy triggered on 12/8/11 on SPX, so went long and holding. Higher low today. My time indicators show higher volatility through Wednesday and then up till December 27 +/- 2 days. Weekly stochastic (5,3,3) is up on many European markets (DAX,FTSE,CAC) and SPX. SPX pennant forming on daily should resolve to the upside led by Europe rally. What will cause it? Don't know--perhaps oversold or some other development. Contrarian sentiment is a buy. VIX went down, and VXO went up <1%. My read on this is that todays action was knee/jerk and nothing more. Don't let fear take you out.

Edited by Freefall, 12 December 2011 - 05:40 PM.