Posted on November 4th, 2008 at 8:50 AM

The VIX ($VIX ) has pulled back and is ready to trigger.  I am still finding cheap downside insurance.  We are in about the third inning of this downtrend.

Posted by Joel Stahl

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Posted on November 6th, 2008 at 9:35 AM

While conducting the Mentoring Tuesday evening, a customer asked to see the Canadian Dollar. We checked out the 60-minute time frame, and found that it was in a Counter Trend Buy setup. After making sure we had proper support and good divergence, we took a look at the Daily chart of the same market. The Daily of CAD happens to be in a Stochastic Continuation BUY. So we have two separate time frames, two separate trading strategies, but both telling us to do the same thing!

Posted on November 7th, 2008 at 5:37 AM

The Canadian Dollar continues to show bullish behavior. We have now hit the MOB from the small pivot on the 4th of November. It is currently acting as resistance, and giving a possible Continuation setup. So for those of you who missed the initial entry, you may get another chance if we get a full pullback.