Sunday, January 16, 2011

Currency Wars, Fear Factor, and the all new VOC

Fear Factor is showing some interesting moves, see chart annotations.

Fear Factor just popped strongly above the upper Bollinger, that means a "surge of no fear".   Since this whole chart depicts the "Great Bear Rally" (trademark HT), these pops usually preceed a small decline, but sometimes just a consolidation, NEVER a strong move up.    I am betting against a strong move up.

The new VOC is shown

As opined last week, Euro did taunt and pop the PRS 177, now with a kick down from the Daily Person Pivot - the Magenta line.

I am Short Euro Futures from last Friday and lovin' it.

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Insightful and Useful Comment!