Link: Fibozachi Short Term Technical Update Jan 27
I’ve been impressed with the work of Fibozachi lately, particularly in regard to the recent “Short Term Update” posts. I wanted to provide a link to their most recent publication - written at the popular Zero Hedge website - entitled “ Fibozachi Technical Update of January 27, 2010. ” Here is a snapshot of a few of their charts in the quick update: This is a quick take of the S&P 500 (@ES Futures) with text: “We at Fibozachi believe that [January 21st] marked a crucial inflection point… signaling that a strong bearish trend was emerging.” Fibozachi also updates us on the Weekly Dollar Index: Including the text comments: “[The US Dollar Index sets its sights] firmly on the $80.00 level, where prior resistance turned support will likely be rebuffed on its first attempt to punch through.” Other charts include the VIX along with a snapshot of gold, silver, and crude-oil. The charts are colorful and provide a quick view of the related markets which can be helpful to note the larger trends as they develop. Corey Rosenbloom, CMT Afraid to Trade.com Follow Corey on Twitter: http://twitter.com/afraidtotrade
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Link: Fibozachi Short Term Technical Update Jan 27