Wednesday, October 26, 2011

Bucky UP, Buckle Up

When Gold and SPX both go up, almost equally, it may just be a anti-USD correlation, or it may mean that fear and flight to US assets are both occuring.  

Bucky is in a serious downsloping wedge,  likely it break upward and pretty soon, say 1 week or less.


  1. I agree Steveo.  With the fake and bake solution in Europe, the markets may wake up and discover there is no real solution.  Then the flight to safety will take off.



  2. It dove down out of that falling wedge, and I closed all longs, except BCSI which has a tight stop.    Closed around 10:30EST.  
    Euro and Cable hitting expected Fib Zones


Insightful and Useful Comment!