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Friday, June 24, 2011


I just changed the Blogspot setup for mobile phone access.
If you visit with your phone please let me know which mode you prefer.
Wow what a day!
Funny to think 90% of the public has no idea how close we are to catastrophe.

I did this really long term Andrews Pitchfork today going back to the early 1930's.  This is done on a log scale to add clarity
I've also been analyzing individual stocks to see what some of them look like.  I will try to publish that over the weekend.  

A break above the Dollar's Horizontal trend line will be bearish for the e-mini which is at the breaking point near the 200 DMA.
The VIX is in a similar pattern.
The VIX made a nice bottom peak at the open then worked it's way up.  Not good for the Bulls, but the Blue down fork should be able to hold since that tine has not even been tested.

  The bigger they are the harder they fall, and it's all about the 200 day moving average right now
A lot of support right here.

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