Monday, April 12, 2010

Fear Factor, Chart of Charts, and Complacency

The sharp pop up on the Euro, on the American weekend of course, was surprising.   Sure glad I had no short positions on the Euro.    That type of gap up, and 100X leverage could decimate an account completely, 100% loss.   But funny that Europe's decision to throw out their laws and print money was seen as a positive for the currency itself.

Fear Factor Log and Lin----very interesting.

Chart of Charts takes me 30 to 45 minutes to prepare, hours if doing an upgrade like the Moon toggle.   Suffice it  to say, The Charts of Charts is bullish, but number of charts broken out is very low, a turn COULD happen here, after an amazing long bull run on the 5DMA, 10DMA, and 20DMA crossovers.    

Its a new moon on Wed.   Those freak people out more than full moons.

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Insightful and Useful Comment!