Thursday, November 29, 2012

Silver Traction and ES Stop Sweep

Silver may be getting traction on the way to my predicted year end box.   I always use rectangular boxes to indicate "target zone".   I have found that time horizontal direction is harder to guess, sometimes things take longer than you would think.  

 And then move in ES today, an effective stop sweep, as bulls set stops "not too tight" they needed a pretty good dive orchetrated to pop those stops, and they did it, look at the volume.   

USD DX kind of says bounce "up", which means equities down, and Vix, including my patented VOS indicator is at all time lows.     So finding mojo in the downside makes sense for me today, tomorrow, and keeping in the mind the eclipse Puetz window.

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