I intentionally got stopped out just earlier of my index long position. A minor gain, but still, considering the pretty dire open, I am pleased with such a nice turn around. I am however a little concerned about the Bernanke (9.30am EST) tomorrow, so I'm sitting it out until then. I may go long again early tomorrow, if the cycles look weak..but not too weak!
VIX remains weak, and as I type..the indexes are all going green. Those bears have got to be getting real mad now!
IWM'60min
*special note, see how the IWM (Rus'2000), never did take out yesterdays low. That was one sign that the underlying minor wave'1 from yesterday WAS indeed complete.
Dow'60min
Bulls will want a close over that red 10MA !
More later...!
