Trade the Cycles

Sunday, August 13, 2006

XAU Implied Volatility Portends Some Weakness On Monday

Falling -0.64% to 37.355 on Friday from 37.595 on Thursday despite a sharp -2.40% decline in the XAU on Friday, which is a very sharp +3.04% rise in complacency (-0.64% + -2.40% = -3.04% decline in the XAU wall of worry = +3.04% rise in complacency) that portends a potentially sharp decline at some point on Monday. ....... http://www.JoeFRocks.com/