Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

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To: rubbersoul who wrote (38543)	10/6/2012 7:00:24 AM
From: Hawkmoon	1 Recommendation Read Replies (4) of 218862

Regarding Gold vs the USD, I'm looking at the UUP weekly and it appears that it's pretty oversold and due for a rally. bigcharts.marketwatch.com Of greater concern is that the Bollinger Bands on the UUP are flaring outward which suggests that USD rally might be actually stronger than the last event. Given what Marty Chenard was saying the other day about the VIX and the time frame for it reaching it's apex point, we might see the catalyst for a major sell off in the equity markets. And presumably a strong USD will negatively impact the PM markets. Hawk

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