freakie friday, page-19

Nine Lives - Yes an interesting chart and I admit to spending quite a bit of time worrying about it. I like the ETF (VXX)from a charting point of view. It couldn't even stay above the 50 day MA. However, the volume was impressive (from a bear's point of view). Yesterday I spent quite a bit of time trying to gauge the level of bearishness in the market and it was quite difficult to find anyone that wasn't bearish. I'm sort of thinking this is the beginning of a third wave up and the way the market burst out of the blocks last night is quite encouraging. But as always, looking for confirmation.