Monday, December 12, 2011
Disappointing Start To The Week
While today's selloff was disappointing it did little to change the overall expectation for another move up as we approach the end of the year. The volume was low, and the VIX was down in spite of the selling. This may have just been a final shakeout before something gets started. Even if we see more testing of last week's and today's low unless there is a solid close on volume below it, the outcome should be positive.
Posted by Trader Craig at 7:34 PM