Monday, June 9, 2008

Betcha Can't Guess...

what this chart is for.

This is the daily chart for one of the stronger bull runs of any futures contract. Note, however, that the Klinger Volume indicator in the second panel is showing heavy selling of late.

Would you be surprised to learn that this chart is for the Mexican Peso, beginning in early March of this year? It hurts to admit that even the Mexican Peso is gaining against the US Dollar in recent history.