Tuesday November 13 2012
Michael Gayed suggests the correction could end sooner than you think.
An alert reader of TMP send us this link on gold in swiss francs.
Gold in Swiss Francs
The trend is up.
VIX
Granted VIX came down to its uptrend line, but it did come down.
SPX at 50% Re Tracement Level
Volume show in the low green bar highlighted by the blue box was low on Veteran's Day. The SPX has come down to the half way mark from its June launch. Price has and three moving averages have arrived at the same point. I have not showed internal indicators because they have yet to give us a decisive conclusion.
Ten Year Yield
The lower the yield the higher the fear level. The previous graph shows stocks giving back half their gains since the June 1 low. So it makes sense that the ten year yield would also come back down reflecting the fear that stocks can only fall further. The previous extreme was 1.55% and we are just about there. After looking over all the charts, this looks to be a good indicator. Are investors so fearful that they drive ten year yields to a new low here? We shall see.
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