Tuesday, January 3, 2012

The Dollar pullback anatomy...

It does not get any prettier than this.
As a note on the day, there are several inverse HS looking patterns on the SP500 and Dow for instance…that I am sure are being interpreted as breakouts today…however, the midcap 400 is most definately NOT an inverse HS and moreover finished at the lows of the day with a rather bearish candle. The underperformance of the Russell and Midcaps continues…I will post some more charts later.
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