whiplash wednesday, page-7

Looking back a couple of weeks and volt called a spike before a fall. Can't remember the dates (from memory his original date was too early but some of the other dates included one later in September. Well today definitely counts as a spike. Upward break out that doesn't seem to have much momentum (so I'm inclined to think it's a false break). I wouldn't be surprised if we are under 6300 in the next couple of days and even heading for 6100 again. I'm not betting any money on it but the TA seems to back it up. Once a trend is established (in either direction) I'll be back in the market. For now I think I'll continue my quest for knowledge in futures to take advantage of the smaller moves I'm missing with options because of large spreads.

Food for thought