Tuesday, February 26, 2008

Got traps?

You got to tip your hat to the bulls: they have marched on for 3 straight days as the negative news kept pouring in, and by the end of today, DOW became the first major indices to test its MA50 with SP500 very close behind. I am scratching my head right now, I mean, we start to see the concrete evidences that both inflation and house price decline begin to accelerate, how much longer can the bulls party on without waking the bears up from their sweet SWEET dreams? With one eye on the MA50 tests by the major indices and the other eye on MA200 test by VIX, wabbit is once again contemplating some traps, sneaky!

1 comment:

Yuriy said...

Yeah, crazy stuff going on ..
Waiting for the traps :)