Thursday, September 29, 2011

Dollar drops/Euro gains

The post I put up last night showed this was the highest probability via acumulation in FXE and distribution in UUP, if I had to guess, the wide margin that the lower house in Germany passed the EFSF bill was probably well known to those in the know. They played it as if it was an uncertainty, but coming in at 523 for and 85 against, sentiment in the lower house must have been well known for those connected and that seems to have been reflected in currencies yesterday.

Here's a look at the dollar and the distribution as of yesterday sending it lower today.

 UUP 1

 UUP 5

There are some other VERY interesting development out of FAD (you know who)  that I will cover in a bit, they fit right in with some of the longer term 3C readings we have been seeing for a while.

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