Reflections of Reality
(Technical Analysis, Flow Analysis, Economics)
Friday, July 29, 2011
Base Case: Expect a bounce
The Vix_Osc is oversold and will either fall into the Abyss or bounce. History suggests a bounce.
The longer term measure warns us that this could be a trap..
We also see some relive of the extreme bearishness.
Conclusion:
We the current news situation....hard to tell
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