Tuesday, September 7, 2010

CPCI to Da Moon

I stole this from Pattern Profits, who is really working hard and posting boatloads of actionable charts often.  


CPCI hit a 3 year high today, spiking like a Bernanke Ramp Job.

My comment on Pattern Profits site.
CPCI usually used as contrarian,
I usually like to use a MA on it though.  
But this one spike is wildly out of the park.  
Maybe Goldman bought 10000000 puts and then they plan on pulling all their and their clients bids, dropping the market?  who knows.   Holding QID but not too thrilled, although up 1.5% today.

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Insightful and Useful Comment!