Market Anthropology: Today’s Tarots

Thursday, June 16, 2011

Today’s Tarots

A few comparative analogs worth watching as the market digests the stream of information coming out of Europe. 

Fractal from August 2007 (hourly) continues to move in lock step fashion. Market should bounce quite hard in the coming sessions from ~ 1260 according to this script (see previous post).

10 year yield (daily) analog from November 2007 is also indicating an approaching bounce within the coming sessions. 

Here is an update of the fractal post close Thursday (here). 


I just joined Twitter. All my trades and occasional market musings are disclosed in real-time here

(Position in UUP)

Disclaimer: This is not investment advice. Always do your own due diligence. Erik Swarts is not a registered investment advisor. Under no circumstances should any content from this website be used or interpreted as a recommendation for any investment or trading approach to the markets. Trading and investing can be hazardous to your wealth. Any investment decisions must in all cases be made by the reader or by his or her registered investment advisor.