Wednesday, August 11, 2010

This one is big --Euro busted its PRS, but GBP (cable) is just bouncing off its 50% channel line


  1. Steveo, last weeks cable, euro divergence against indexes sure was telling.
    Let's see how they close it.
    Thx for the work, good stuff.

  2. Thanks, I am glad I started watching the Cable....that kiss off the broken wedge kept me in against all "news" that was trying to pimp the market up, or at least trap bulls. And that is bullish!

    See also my stolen chart on the tnx to spx ratio


Insightful and Useful Comment!