Monday, September 20, 2010

Cable popped a Bollinger Band

Every time that Cable has popped its 2 Bollinger Band in the past 2 years, it saw at least short term (1 week) weakness, and often some extended downturns.   

Well guess what happened just the other day?

Cable hasn't been super correlated with SPX, but still quite correlated.   And Cable represents big money flow, more than AUD/JPY.

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Insightful and Useful Comment!