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The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex

DISCLAIMER: All the information contained within my posts are my opinions only and none of it may be construed as financial or trading advice...
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...If the dots don't connect, gather more dots until they do...




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Thursday, April 21, 2011

Is Mr. Fat Finger getting itchy?...

A breakout one way or the other may not occur from the present Daily trading ranges of YM, ES, NQ & TF until the results of the Fed meeting on April 27 are known (until then, the recent trend is sideways...translation...expect more chop & whipsaw action, imo...I am always cautious of potential "fat finger" days in zones like these which have a lot of large-range candles):


USD is not looking healthy at all (below is a Weekly chart with Regression Channel...price closed the week below the channel mean...it could theoretically fall to the lower channel line):

The VIX is down in low levels seen in 1991-1996 and in 2004-2007 as shown on this Monthly chart:


Below is a Weekly chart of the VIX with Regression Channel...if it crosses below the mean and falls to the lower channel line, it would have to go to MINUS-zero by the end of next week in order to reach it! The VIX can't continue downward in this channel at the same pace ad-finitum...translation...the markets need to pull back to achieve a more healthy balance: