Morning Audibles 10.13.10

With futures slightly green this morning, we're getting very near the 1174-1175 zone (where many traders around here have been calling as an area, basically, where "the bullet hits the bone"...

CV has been pointing out for several weeks now that there was evidence (at least the way I see things), that Mr. Market was not only looking for a certain PRICE level, but that it was also marking TIME... I presented some of the following charts a few weeks ago, but I'll update them here...

If my observations are correct, a "corrective" move should begin within 6 trading days... It may have already begun and/or could start at any time... It is quite possible, given the number of bearish divergences, and the nature of the last "correction", that the move could happen without warning, and be quite steep... I would expect the "feel" of the move (as it's happening) to convert a lot of newly minted bulls, back to bears, in a flash... In any case... The GREEN BOX area is what I'd be looking for... 

This a look at the VIX WEEKLY... One of my favorite indicators of "corrective" moves that come without warning is when the candles touch the lower BB's... Mind you, this is a WEEKLY VIX, so a touch can be made, then nothing happens for several days... In any case, we're getting very close... Another way of looking at this is when the upper BB band gets itself down around the 30 level... Often that brings about 1-3 days of long white candles only to come back and resume trend afterwards... The bottom line is that this VIX chart complements the SPY chart with respect to some of the TIME elements mentioned before...

Of course, if none of this really interests you, because you're a bull, and care more about making money, than being right, you could simply go about your merry way and "sext" fotos of your @ssets to this girl right here...

J! - E! - T! - S!

JETS! - JETS! - JETS!

First though... You might want to check to make sure that she's not on the payroll of the company you work for (or you'd risk a "harrassment" or "misconduct" case)...

Does anybody know how the SEC handles things like this? I'm thinking this guy, after the VIKINGS lose their next game, and he tosses 3 more interceptions, might be getting himself a job at the SEC (and I'm NOT talking "South Eastern Conference")...

The last I heard, his wife was chasing him out of the house hitting him with a football helmet and he was crashing his tractor into a tree... Stay tuned...