Thursday, August 23, 2012

Charts for Wednesday

First Chart from Doc J I am feeling quite bullish...hints of QE and todays salivating bears. However, the Great British Pound / USD currency pair, called the Cable, has hit my long term target, at least touched the bottom. A reversal down, would make it hard for US Equities to go up. So US will print, while Obama implements some shenanigans to keep oil prices (or at least gas) from going up too much. That way Cable can continue to go up, and USD can go down so Equities can go up. Funny how this can be performed so that one man can keep his job. Second chart is the Cable, target is hit, now what?

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Insightful and Useful Comment!