The market is directly correlated - or at least has been much more often than not over the last decade - to policy makers' ability to tramp out the currency. So here is Uncle Buck making a snap back to test the flag breakdown.
If it fails and declines even to the noted major support below 72, markets will probably get that final bump I have been expecting. If not, and a pissed off Unc rises impulsively, say goodnight to the favored plan, and say hello to some pain.
FWIW, other indicators - ones you see here on occasion (like a couple posts ago) and elsewhere almost never, have not - repeat not - yet broken down. But things are getting interesting and I look forward to getting the numbnuts in Washington behind us so I can lock in on what comes next for the precious metals and the gold mining sector.
Also, I will note that there is something going on with a trend change in the equity put/call ratio that indicates a top in markets, with only the timing in question. NFTRH has been tracking this for months, but a lot of these shorter term indicators will help fine tune the timing.
http://www.biiwii.blogspot.com
http://www.biiwii.com
Follow @BiiwiiNFTRH
If it fails and declines even to the noted major support below 72, markets will probably get that final bump I have been expecting. If not, and a pissed off Unc rises impulsively, say goodnight to the favored plan, and say hello to some pain.
FWIW, other indicators - ones you see here on occasion (like a couple posts ago) and elsewhere almost never, have not - repeat not - yet broken down. But things are getting interesting and I look forward to getting the numbnuts in Washington behind us so I can lock in on what comes next for the precious metals and the gold mining sector.
Also, I will note that there is something going on with a trend change in the equity put/call ratio that indicates a top in markets, with only the timing in question. NFTRH has been tracking this for months, but a lot of these shorter term indicators will help fine tune the timing.
http://www.biiwii.blogspot.com
http://www.biiwii.com
Follow @BiiwiiNFTRH
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