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.





2 comments:

Unknown 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:
http://market-ticker.denninger.net/
The morning may be interesting!

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