Obama Midas Update

Hi Guys,

Here is an update of the Obama midas chart I showed a few days ago




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I also put together a chart of intrade.com's 2008.pres.Obama tradeable here:




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Looks Like Midas works as well with presidential candidates as it does with stocks. You can download raw data for the various candidates at: http://www.intrade.com/partners.jsp?ZID=4775&AID=1&CID=2&page=trade&selConID=376100

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.


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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.