Sunday, August 8, 2010

Remember the Gartleys

Revisiting earlier posts and checking on earlier messages is a staple here at "Reflections-of-Reality". Now that we are at a crossroads (RISING WEDGE in the S&P500) we wanted to check back with the technical picture of the US TREASURY (given the excessive steepness btw the 2yr & 10yr) and the EURO.

This is what we see through the lense of the Gartley pattern...

the TLT is still on track....
...and the EURO is reaching the Target Zone...

This could mean a Rally in the EXHAUSTED DOLLAR which usually means LIQUIDATION in orthodox ASSET CLASSES.

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