AI
Friday, January 29, 2010 6:51:46 PM
Re: SPX & Major Indices, USD, VIX, and Direxion's ETFs:
Hi, Lang!
How have you been?!?
Indeed, SPX is testing its support, and I imagine that the trend is likely to continue. I estimated 1045 for support per first chart below.
As far as the EUR/USD pair: Great day today with a definite shift of risk adverse crowds backing up the Almighty green.
Once the pair's value readjust (i.e.; purges itself of relative overvaluation from risky exposures outside of the USD), we might see the USD come back in sync with the SPX.
For now, I am establishing a support at 1.3800 for the pair, using the Fiby levels from MAR 2009 LOW and NOV 2009 HIGH.
VIX still has plenty of room to go:
[chart][/chart]stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=1&mn=0&dy=0&i=p05393902085&a=172330527&r=352
- Dalcindo
Hi, Lang!
How have you been?!?
Indeed, SPX is testing its support, and I imagine that the trend is likely to continue. I estimated 1045 for support per first chart below.
As far as the EUR/USD pair: Great day today with a definite shift of risk adverse crowds backing up the Almighty green.
Once the pair's value readjust (i.e.; purges itself of relative overvaluation from risky exposures outside of the USD), we might see the USD come back in sync with the SPX.
For now, I am establishing a support at 1.3800 for the pair, using the Fiby levels from MAR 2009 LOW and NOV 2009 HIGH.
VIX still has plenty of room to go:
[chart][/chart]stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=1&mn=0&dy=0&i=p05393902085&a=172330527&r=352
- Dalcindo
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