Get out of your longs!
Author: Varun Kanotra
Website: http://www.expertfuturestrading.com
Posted: August 28th, 2009 at 11:57 am EST
If you are long anything (i.e. bullish), you need to get out of those positions now!. The market has had 9 straight days of up moves. There is too much complacency and too many players in the bullish court.
On technical terms, take a look at the VIX chart below. The Bollinger Bands are so tightly squeezed that we could see a breakout any day now.
Varun
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