sp'60min
Summary
Suffice to say... this morning should have opened moderetely lower, to at least 1915/10... but no.. .a large gap higher.. and we just keep on climbing.
For now, this is no market for the bears... and it is arguably a case of 'no shorts' until next Wednesday afternoon.. when the fed will officially terminate QE3.
However, if the Transports has broken new historic highs by that time, the notion of trying to re-short this market is arguably off the agenda.
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more later... on the VIX