Thursday, November 13, 2008

Fear Index VIX is staging reversal after Dow Low Retest.

Fear as a very strong Emotion and you can not be at Ultimate Panic Stage for a long time. Stupidity is another story, and you my dear friend are the best to know it...We have made Low High on Dow Low Retest and it is a very positive observation. After brutal Sell off with unprecedented speed of decline we are back into chartered waters: public knows now that we can anticipate powerful Rally and started position itself today selling treasuries all across the maturity. Fear will subside and Greed will be chasing performance again. Once Fear will stop spinning heads around double Top on US Dollar chart will be a very good reason to address fundamentals of the "safe heaven" currency, backed by One Trillion deficit.

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