World Market Reversal Trends
June 9, 2010 11:49 am
Here is an interesting way at looking at reversal trends for world equity and currency markets. Notice that there is a clump of currencies in the down-down quadrant (bottom left)
When looking at this, look at both the X and Y axis to see the change from period to period. Optimally, we want to see something moving from 1) bottom-left to 2) top-left and then to 3) top-right.