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Wednesday, December 23, 2009

E-minis



The NASDAQ has now tacked on 1000 points since March.

Four consecutive unclosed gaps. The NASDAQ hasn't turned red in 4 days. Its outside its weekly Bollinger Bands.  It seems like a thrust out of a triangle.  It seems to think the lower steep trendline is important.

Tight channel still.  The zaniness is back strong.  VIX is gonna pop down low.  Chasing the tape. Question is how high does it go? Banks should pop higher today.

FTSE 100 needs to squeak a new high. Its within shouting distance.

E-minis (not shown) finally just made a new high at 1120.

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