Tuesday, February 23, 2010

February 23rd, 2010

So far my predictions are coming true.

GLD hitting 109.50 to 110.00
VIX hitting 18 to 19 area.

Yesterday 3:00 PM selloff ( very close) and around that time it could be the top for this week.

I would expect SPY to hit 108 again. This means SPXU is very close to 38.5 to 39 area. There is a gap there.

USO will probably hit 36 to 37 area again.
Posted by at

5 comments:

  1. gcl106February 23, 2010 at 10:58 AM

    The solar stocks are about to begin its second leg down.

    FSLR, YGE, JASO, STP, LDK

    ReplyDelete
  2. AnonymousFebruary 23, 2010 at 11:07 AM

    Matt, yep, it sure looks like he does. Good call GCL

    ReplyDelete
  3. BASFebruary 23, 2010 at 11:54 AM

    Hmm, who is this EW guy? Elliot Wave?

    looks like we did have short covering into 10 am.

    Don't see how he was wrong.

    I should have faded that gap fill with stop at yesterdays high (111.58). oh well.

    calen

    ReplyDelete
  4. AnonymousFebruary 23, 2010 at 12:56 PM

    BAS, the guy said to COVER your shorts by 10 am, not go short. He was 100% wrong

    ReplyDelete
  5. Chad MerrittFebruary 23, 2010 at 2:43 PM

    3 O'clock reversal time?

    ReplyDelete

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