Thursday, September 2, 2010

Fear Factor and the new OSO the Bear Index (from a blog poster), and commodity currencies

Fear Factor, towards the middle of the Bollinger, I don't expect any major moves. Friday can be a "jobs losses not as bad as expected....let's shake out longs down, then rally 1.5% into labor day!"

And at the bottom 2 charts, AUD, a "commodity currency" is outperforming NZD and CAD the other 2 commodity currencies that I track occasionally.   AUD/USD is the most highly correlated pair with the SPX.  These both look like 5 waves up, completed perhaps, maybe check the Fibo and Person Pivot levels for more clarity on that potential turn down point for AUD and SPX

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Insightful and Useful Comment!