Witches of Dow still cranks out winship after a loss of 70pts.....this hocus pocus momentum is amazing.....its weeks since they had a 1% corrective mode.....vol thinning...breadth maintains....price holding in range...no signs of drop yet....
as we have discuss that Dow 11k and S&P 1200 have reach....many ask what NW? will the war machines keep on buying? is the world economy as what it is in 2006? or are we in a bubble? money supply still in abundance.....Do not bet against the machines....for your rage is their fuel....the more u short...the more they buy...

Ian is really seriously hoping for a correction so that we can actually have a good buy in opportunity........
from here where do we go?? chart wise there are many good chart setups for shorting.....so S&P inability to break pass the 1200, many will have sell their longs.......depending on the size and the interest.if 1200 is breach, it will trigger more buying again.........

Vix is showing me something out of the normal, in the day of a gigantic reversal from down 70 points to up 13, vix actually shows a firm 3% upside......vix indicators shows volatility coming.....chart below

in the upcoming earnings season....missing estimates will be punish.this qtr is all abt hits and misses....Long term bonds are holding prices......junk bonds are rallying! I think stocks valuation for NW are pricing in mega turn around...

Mkts looks sorely overbought............when can i send my Banshees out??