Tuesday, August 2, 2011

Dysfunctional--Gov, Markets, Forex

divergence, of a big meaning, perhaps.

The Euro and Cable DID NOT follow the ES down, only on the first drop prior.

So I think "they" HBB sold the US equities market and just sat in cash a while.   Maybe now they "catch up" with their Forex investments and sell Euro and Cable.   They both look like tasty shorts.

And the macro ECH theories lean towards it also.

Moving average takes out some of the noise

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Insightful and Useful Comment!