FTU : Fibozachi Technical Update – 12.8.09
Hope that everyone had fun at the casino today! Due to daily time constraints, we at Fibozachi will be trying out a new format: more charts, fewer words.
Please see our previous article from Friday, 12.04.09 entitled "Gold Charts : Elite Oscillator™ Registers a Multiple Confluence of Sell Signals"; where we point blank called a top in gold, based upon actual trading signals. And for more ‘color’ on the topic du jour of gold, please see our 12.02.09 article entitled "Will a “Cold / Frost” Full Moon cool off Fiery Hot Gold Futures ???"
Please click on any of the snapshots below to open a large crystal-clear picture
As always, we hope that this quick overview is helpful. Thank you for taking the time to read our thoughts and we promise to try to find, if not make, the time to answer thoughtful questions of a decidedly technical nature.
Disclosure: we are currently long the $DXY US Dollar Index via DX futures; short GCG10 (Gold Futures); and short ESZ09 (S&P Futures). During any given session, we may trade any of these instruments bi-directionally.
For similar technical takes, market calls and insights; please visit our brand new website, www.fibozachi.com. There, you can view both our complete body of analytic work as well as detailed explanations of the unique design development and technical methodologies within the proprietary technical indicator packages that we use daily to perform a comprehensive technical analysis of stocks, options, ETFs, bonds, futures and FOREX across interval periods of time, tick and volume.
