Steve's Place

[DeepBlue1]

VIX is at a critical point on the 10 day chart with no more room left to squeeze it. Gonna' make a big move within a few hours of right now looks like.

The USD is screaming up after hours also, so I'm betting the VIX is going to make a big move up out of this wedge.

The market's just been waiting and aiming for this "buy the rumor, sell the news" move on Obama's stimulus plan.

Tomorrow the market tanks along with precious metals.

Hang on to your hat, and short something quick!

We're gonna' test the bottom again. Only thing that might keep it from breaking down below the old low will be hope that jobs and foreclosures are no more than 6 mths from turning around.

Personally, I think it's gonna take a lot longer than 6 mths to reach that point.

If Dow 6k is gonna' happen, it's probably just around the corner now.

Best of luck guys. TTYL