Today was one of those day when things just worked.
First, G/U bounced off hourly support and went flying.
E/U got many people wondering today (i.e. made them lose money), as everybody was shorting it after the hourly bear candle. Then Goldman came with a report about FED contemplating more QE and bulls ate all bears for lunch. Technically, we had nothing else than a bounce off the rising trendline.
E/J is continuing its rise in a channel. Nothing new.
E/G had a bounce off hourly highs. It didn't quite reach there, but the bounce was obvious.
-Tyler
Tuesday, September 14, 2010
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