Kimble Charting Solutions Blog

500 Alert…Watch this Driving Force

Posted by Chris Kimble on 08/12/2010 at 3:12 am; This entry is filed under Uncategorized.
Tags: US Federal Reserve

The Euro/Yen has been in a leadership role compared to the 500 index. If the Euro/Yen continues to be a "driving force" of the 500 index, investors had best pay attention RIGHT NOW!

This chart was put together 20 minutes after the Fed meeting..the breakdown in the Euro/Yen is a tip off to lower stock prices.

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