Wednesday, January 23, 2013

SP 500, don't believe the hype


SP 500 weekly chart ; Don't believe the hype !
Watch out for "fake break outs" !
Expecting a pull back (not a crash), followed by another sideway market.

4 comments:

Eugene said...

Hi Moise,

Which area do you think the pullback will be until? 1400 levels or lower?

Any thoughts on the $VXX?

Thanks for all the insights and posts!

Moise Levi said...

Hi, VXX is way way oversold ...
Would buy right above 24

Thanks

Anonymous said...

"not a crash" ?! Do you mean KRACH !?

Anonymous said...

Levi,

if i may ask, why do you say dont buy the hype for S&P? Thanks!