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Bulls outnumber Bears for first time since Aug20...

Wed Jan7 (NY) - by Anatoly Veltman - Chief Global Analyst -...according to "Investor Intelligence" release today. Of note: August chart pattern looked very similar to current. Following vertical SP futures decline to eventual 1201 low, chart then commenced slow consolidating upward creep in shape of potential Bear flag. Caveat for blind chartist: November low was 739, a value so significantly different... In front of Friday's jobs data: mind EUR/USD 1.3850 monumental chart area. This would be 38.2% retracement of 1.4717->1.3314 recent decline, to coincide with pull-back to Jan5 sell-stop trigger point, which was based on cluster of 12/19, 12/31, 1/2 lows . . . (to read the remainder of this article, please log in below.)
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