Thursday, December 16, 2010

Fear Factor (Nice Shooting Star)

I don't see much in the charts that speaks to me today.  

Tomorrow is Expiration Friday, usually the fireworks have already gone off earlier in the week.   Some people just refuse to trade on Expiry at all.   If you need a day off for the holidays, tomorrow might not be a bad choice.

Fear Factor on the 2 hours chart shows a nice end of day shooting star, looking at the last few months, the shooting star was a great predictor of upcoming increase in Fear.

Ford has a heck of a triangle going, usually, this is continuation, upward in this case.  And the EW'ers say traingles occur right before the last move, so wave 5 up coming up

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Insightful and Useful Comment!