Thursday, October 27, 2011

More Charts

Sorry about the lack of organization, I'm just trying to get them out.
 DIA in today's Linear Regression Channel vs the Euro (red), there's no technical or fundamental reason for the DIA to add strength while the Euro is falling, it seems like a set up and on big churning volume.


 FXE with my Demark-style indicator at a turning point for a highly directional move with a Demark sell signal.

 The same on a longer 15 min chart.

 IWM has been outperforming, but is one of the first to degenerate in the channel vs the Euro

 SPY very extended over the most conservatively drawn neckline.

SPY, again there's no technical or fundamental reason for the SPY to hit that high with the Euro in decline and again on heavy volume, seems very much like churning.

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