sanfelipe's friday lowish low, page-168

For once I think the dow futures reflect where they're going to end up at close tonight - green. We're now far enough below old support to leave enough room for a deadcat bounce, so a short term 2%-3% rebound may be coming in my opinion over early next week. Daily stochastics, it has to be said, are oversold. But don't worry, the sellers will be back soon enough, so I wouldn't get too complacement about the technical predicament that our indices are in. I'm yet to see anyone find anything bullish about BHP's chart this week. The VIX still has a long way to move upwards, so volatility remains the order of the day. Use the imminent rebound as an opportunity to reconsider all open positions. HAGW.