Reflections of Reality
(Technical Analysis, Flow Analysis, Economics)
Saturday, January 23, 2010
3 MONTH FLOW ANALYSIS: Banks, SP500, TECH, GOLD
XLF: FINANCIAL
OBAMA has done a fine HIT JOB and scared the large TRADER (light blue line to the right)
SP500:
WEAK since November!!
TECH:
Look who really enjoyed the SANTA Rally (right side of the chart: light blue line), but experienced some serious outflows after last Friday's OPEX
GOLD:
The counterrally was NOT supported by VOLUME.
(ANALYSIS as of EOD THURSDAY, Jan 20)
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