TA: Bottom Reversal Signal...VIX back to 30 range...
(2008-10-13 11:36:27)
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Last Friday (10/10) is a massive accumulation day... forming a bullish morning Doji Star, which is to be confirmed today... this bullish IN Neck Line pattern is typical bottom reversal signal...
If the pattern holds and plays out, market will continue the Upward rebound... QQQQ is looking to break 40 and test the Neck Line at 48... this trend may take several months...