CountingPips.com Email Newsletter January 15, 2013
The Technical Traders Morning Charts
Gold and silver traded higher yesterday while the miners lagged. This is not a bullish sign for the metals. The trend remains down and we need a clean break…
The Dollar Recovers Lost Ground
The EUR/USD is consolidating near its current highs, that is natural after such explosive growth. The bulls are not able to overcome the 34th figure so far, but also there from the down side, the pair’s movement is limited by the support at 1.3336.
Currency Speculators trimmed US Dollar short positions last week
Non-commercial large futures traders, including hedge funds and large speculators, registered a US dollar short position total of $6.96 billion…
Scientists Find Mega-Oil Field … 1,300 Light Years Away
Have our wishes been answered? Scientists have found an oil field which contains 200 times more hydrocarbons than there is water on the whole…
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Options Trading – Taking Advantage of Recent Lows in the Volatility Index
By JW Jones
One of the newest option products to appear in our universe as an options trader is the option series designed to trade the volatility index (VIX). The VIX is a measurement of the implied volatility of the S&P 500 index….
Interviews – Don’t Fall for the Shale Boom Hype – Chris Martenson Interview
By OilPrice.com
We are in the midst of an amazing energy boom, but by sweeping the idea of peak oil under the rug we are ignoring a significant fact: the relationship between hydrocarbon reserves and flow rates are not the same as they used to be—reserves have increased but flow rates are not as high or sustainable….
Elliott Wave Trading – Learn to Label Elliott Waves More Accurately
By Elliott Wave International
The momentum relationship most often seen in waves 3 and 5 is divergence. Bullish divergence forms when prices make a new low while an accompanying indicator does not. Conversely, bearish divergence occurs when prices register a new high while an accompanying indicator does not. Bullish and bearish divergences are common to waves A and C, just as they are waves 3 and 5.…
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