Charts from the comments the Friday edition.
► springheel_jack posted:
Very interesting chart of the oil sept futures for anyone interested.
I'd
drawn in the lower trendline yesterday morning but didn't post or trade
it because I was doubtful about oil dropping that low, but there were
some big moves yesterday & the lower trendline was hit.If
the pattern holds for a while then we'll see oil drop a lot lower with
some really wild recoveries.
Click for bigger
Also:
I haven't been charting the 10yr really, but here's my take on 30yr
treasuries:
Click for bigger
► Yazzer posted:
Summation Index getting truncated back downward – this was the thing I
was most afraid of before this last downdraft – it fizzled badly
though…the emperor has no clothes?
Click for bigger
► facesincabs posted:
Banking rolling over …
Click for bigger
Also:
Here's another area I am watching to initiate another down leg …
Click for bigger
► redvetttes has been stalking (COST). Here's a link to his chart.
