Monday, June 15, 2009

Intraday Charting

Crikey, the VIX is on fire intraday, and is on the verge of channel breakout.

Curiously, the combined drop in the Dow and Gold, indicate that the market is actually completely unchanged from the perspective of the Dow's weight in gold.

Lastly, market makers will do everything they can do it seems today to prevent the SPY to drop below its June lows: the white line, which has proven a significant resistance level.

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