Thursday, March 5, 2009
Funny how we become desensitized to current ranges according to our recent mental reference points. The market has been negative from the get go, with all measures continuing to look very weak and the VIX back above 50 as we've registered new bear lows -- yet again. For the very short-term, S2 has provided some support at the mid-day. We'll see if it can hold if and when price challenges the declining VWAP.
Posted at 12:25 PM