Monday, February 16, 2009

Technical Picture - Contraction Precedes Expansion

Futures are testing last week's lows and all this contraction in the charts is leading to expansion. So be ready for a breakout early this week, possibly tomorrow. Monitor volatility (VIX) for early signal and don't forget to keep an eye on safe haven gold stocks for long setups.


todd said...

Perhaps sooner rather than later?
Dow down 100, S&P -13, NSDQ -23
Asian markets getting hit...and finally, we turn to K.Denninger's latest post:
The morning may be interesting!

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