Copyright Notice

All contents of this blog are protected by copyright and may not be reproduced in any form without prior written consent from the author. Copyright 2010, 2011, 2012, 2013, 2014 Jawad Akhtar.

Wednesday, October 13, 2010

Market outlook

I sure don't like the chart patterns of a lot of stocks today.  We have a lot of hammer candle patterns on higher volume.  That means that the market may be in for a pullback.  My caution flags are starting to flash again.  It could just be that with option expiration approaching, there will be more volatility.  I wanted to reenter the VIX calls again today but got side tracked. 

No comments:

Post a Comment