Intraday Market Thoughts

Archived IMT (2010.01.12)

by Ashraf Laidi
Jan 12, 2010 21:06

VIX DID NOT LIE SO FAR: The VIX chart we warned about in yesterday's IMT showing a BULLISH Gap DOWN (bullish means that close was higher than open and down means the open was lower than the previous days low) led to further gains today, translating into falling equities and a rising JPY. USD did end little changed vs EUR and GBP but was able to drag down GOLD, to 1,124 after yesterdays failed rally above the 61.8% retracement of 1,168. Gold vulnerable to 1,110, followed by 1070. YOUR VOTE IS NEEDED as the race for the TWITTER AWARDS is getting close. Please cast your vote in


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