click to enlarge
Note the negative divergence on the hourly RSI.And in this risk on risk off world, it's not really looking on.
PS. Yen also, see Yen Overdone
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A Discussion of Technical Analysis, Elliott Wave Theory, and Fibonacci Ratio's focusing on Energy Mkt.s Crude, Products, and Natural Gas. Occasional Fundamental Analysis, Energy News and Rumor.
Blog Archive
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2010
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August
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- SP Update
- Natty Update
- Morning Yuk
- Natural Gas /Seasonal Lows
- WTI Elliott Count
- Yen Again
- Euro Update
- Natural Retesting .618 Retrace
- Just in Case You Were Wondering
- DOE Inventories
- API Inventories
- Nikkei Gaps to New Lows
- Yen Long Term Elliott Count
- Hedge Funds Cut Bullish Gasoline Bets by Most Sinc...
- Praying for the Apocalypse
- Nikkei
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My Blog List
About Me
- Guy W Bishop
- I have been applying Elliott Wave Theory to energy markets as a broker and as a trader for commercial entities since 1983. This blog is merely my personal musings on various wave structure's and NOT any kind of trading recommendation or suggestion.
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