Obama Midas
Hi Guys,
I thought I'd take a look at what MIDAS says about Barack Obama's trend. Where looking at the Real Clear Politics poll of polls for the entire US. This is a survey of voter' preference for the Democratic candidate. Obama took off on a strong up trend at the first of the Year. Midas did a good job of showing where his support was. With this latest "Reverend Wright" eruption though, his downward momentum broke through his first line of support.
Click to Enlarge
While Clinton (Dashed red line) has been trending down to sideways since she peaked last October, It looks to me like Obama has been in a deep correction amidst a strong uptrend. Obama looks like a buy at about 45%. His support should bounce there then resume the uptrend which could head to the upper 50's.
I thought I'd take a look at what MIDAS says about Barack Obama's trend. Where looking at the Real Clear Politics poll of polls for the entire US. This is a survey of voter' preference for the Democratic candidate. Obama took off on a strong up trend at the first of the Year. Midas did a good job of showing where his support was. With this latest "Reverend Wright" eruption though, his downward momentum broke through his first line of support.
Click to Enlarge
While Clinton (Dashed red line) has been trending down to sideways since she peaked last October, It looks to me like Obama has been in a deep correction amidst a strong uptrend. Obama looks like a buy at about 45%. His support should bounce there then resume the uptrend which could head to the upper 50's.
posted by XLTrader at 6:15 AM
