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Re: frenchee post# 6127

Friday, 05/24/2013 9:42:26 AM

Friday, May 24, 2013 9:42:26 AM

Post# of 8327
I am watching the $VIX here. Will it become overbought in a downtrend or actually cross the zero line and move higher. Second item of note is that the monthly SPX is right up against the upper BB. I don't see us rebounding much if at all because of that. Interest rates ridiculously low, but are moving up in what appears to be a meaningful move.

http://stockcharts.com/h-sc/ui?s=$SPX&p=M&yr=7&mn=8&dy=0&id=p51291574111

Talk about a bubble....

http://stockcharts.com/h-sc/ui?s=$NIKK&p=M&yr=7&mn=8&dy=0&id=p80883432493

I bought some 2X Japan yesterday at RYDEX/Guggenhiem after the sell off Wed. I was quite happy when it was up 3% and then shaking my head when it was down 2% 2 hours later. I put that hot potatoe down today and leave it alone.

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