Friday, January 8, 2010
Note the really big volume spike in the dollar ETF in late November. Also note the big volume increase after the rally started.
A.) This is a very strong downward sloping trend line, which
B.) Prices broke through in mid-December.
A.) After rallying, prices are currently in a downward sloping pennant pattern.
B.) The EMA picture is very bullish -- the shorter EMAs are above the longer EMAs, all the EMAs are rising and prices are currently above all the EMAs.
A.) Momentum has given a sell signal. Also note
B.) That volume is moving in and out of the security pretty quickly -- traders are not sticking around but instead are dumping the security on a moment's notice.