Friday, April 4, 2008
SPX Near Term Prospects
Well, it appears the blog is going to get its share of charting as there are just too many interesting things going on out there. There are some really smart biiwii.com guest writers who are getting quite bullish - based in no small part on the bearishness of the public and major media. But I am going to remain guarded on the broad market until SPX confirms by breaking through and holding above 1400 and the VIX breaks down from the ascending triangle.