RE:RE:Todays move and nervous nillies. Meaning.. we have an outside today. (Higher high and lower low than previous day) I will be checking out to see if the big boards will hold here but the DOW is still a bit overbought. Breaks 17,000 and back to the 200 day or below, HVU owners and shorts will be laughing. For a bit anyhow.
VIX holding 20's so letting games be played. Fear still out there with oil breaking down more but I would think the safe haven of gold and silver would stay firm over 1200. Did not, so yellow flag out there.
Good volitility though with that high/low spread today. (20%) Later in 2015 may be a different story. Notice lower volume on the lower close. I will be looking to see these highs continue before throwing in the towel on this leg. And this could be the first to many nice legs until things settle down. (that may be longer than we think) A finish is usually met with volume. Either at the top or bottom. Not seeing that yet which is still leading me to think we may have a Dec 2012 pattern on our hands.
The world is not going to ???? in a handbasket though. TLM is in buyers sights. Tells me market has not bottomed but spare change out there looking for deals.