Friday, September 7, 2012

Charts 9-07: Big week ahead

Hehe, no kidding.  We have a grand opportunity here to put in a top on the rally since March 2009.

Today the tape toyed cruelly with the channel line I drew last night, but we managed not to violate 1440 just yet.  [iii] is about 2.618x the 13pt [i] I have labelled:

1440?  Higher?
Larger view, with a few targets fixed, with 3PDH tags:

Fall from grace

The weekly Bollinger is starting to turn up and away from us -- can we pin it next week?

SPX weekly wit Bollingers

UVXY headed into the 20s if we roach again on the VIX:

VIX daily

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