Inconvenience Yourself Wednesday, page-4

It is an inconvenient truth that the markets go down, as well as up.  Not convenient for the long only players, but a convenient fact for the 'I go short as well as long' guys. With 5 green bar up days in a row on the XJO, it was only a matter of time before we had some red days, so I decided to maintain my short positions, but that's just me. What's that saying ? Fearful when others are greedy ? Works most of the time. SPI futures did a 48 point range last night, high being 6049, low being 6001, with a close this morning at the bottom, at 6001. Based on that move, my high resistance line is 6065, low support line is 5969, with the pivot point at 6017. Interesting that there are zero unfilled gaps from last night, and only one on the upside, from yesterday afternoon, at 6059. As we get close to the end of February, and nearer to the March expiration, it is time to consider that some gaps will not fill, like maybe the 6059 one ? Maybe, maybe not. I'm looking forward to doing the 'gap count', that is, how many gaps there were, and how many did not fill. Given the volatility during this contract, it will be interesting, but I'm gonna concentrate on the lower ones. Look at those Volatility Indices go, VIX up 17.34 pct, VXD up 11.18 pct, and VXN up 9.49 pct. Have a nice day.