Monday, July 11, 2011

11 July 2011

 Medium term hold long moved down a bit today.
 VIX could flash a GTFO signal soon.  Today it closed just below my long-term resistance line.  It could be tomorrow or if it continues tightening in this triangle, my estimate is the end of the month - which happens to coincide with the debt ceiling "resolution."
Hold long in the short term moved substantially down today to around 40%.  This is a lower low than the previous low, but it is still higher than the low around June 15th.  Where this bottoms will help us determine how many days left this Ponzi Scheme has.

"The roots of violence are wealth without work, pleasure without conscience, knowledge without character, commerce without morality, science without humanity, worship without sacrifice, and politics without principals."
Mahatma Gandhi

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