Replies to post #20096 on T/A ETF AND INDEX

[relax6]

no doubt i respect people trying to make calls

but getting caught up in calling the market correctly will kill you

as a trader you need to have a neutral bias and just be prepared to react

gap at 1103 and bottom of major volume day on friday was 1093

these two levels are key for the bull

bull also has great support at 1110-1113

bears has no game above these levels

although we are getting ST overbought

but with VIX of 20 we should not expect a correction of more than 1-1.5 per cent

vix has a gap just below 22 - so vix should be hitting that level withing a week or two

having a LT strategy makes one sound credible and serious - kind of funny

but i have no clue - could make a guess - if anyone really wants me to ;-)

btw have a turn date for january 8