Lots of Mixed Signals in a Market Looking for Direction
Has the Dollar Run Out of Steam, or is there a Bounce on the Way?
SPY - 2,9.10 - Trend Channel is Down but the Bulls still make an Effort.
Tuesday, February 9, 2010
High Volatility as Market Seeks Direction
As on a Roller Coaster the Trend is Down but Punctuated by Jerks and Rolls
SPY 6 Month, Daily - 2.8.10 - Trend is Down. Pivots are Down. Day to Day can be Bumpy
SPY 5 Day, 10 min. - 2.8.10 - Swings and Sways over and under the 20 Day Moving Average demonstrates Volatility.
US Dollar continues to Rally putting Downward Pressure on Commodities and the Market. White Boxes show the Progressive Rise in Fractals over the last 20 Days.
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