B ware Bulls, 2 more flies in the ointment.

Well, it also apears that FXY:FXE is poised to move up sharply and so is our friend $USD, perhaps even Tonight.

Every time this duo makes a move we have a down move on SPX sometimes more sometimes less but it happens a lot more often than not.


http://stockcharts.c...amp;a=181677962


GS.

Asia down as well... I'm trading currencies as usual...If we can bust through euro/yen 112 with conviction, I'll rest easy... My Aussie dollar signal is about to fire a sell, which trades pretty much lockstep with oil... I've wanted to cover my short in euro/yen about a three times today but all my charts say the next move is down... The spx:vxo chart was a good one last night, thanks for posting it...

Asia down as well...

I'm trading currencies as usual...If we can bust through euro/yen 112 with conviction, I'll rest easy...

My Aussie dollar signal is about to fire a sell, which trades pretty much lockstep with oil...

I've wanted to cover my short in euro/yen about a three times today but all my charts say the next move is down...

The spx:vxo chart was a good one last night, thanks for posting it...

I am glad it helped MikeyG. I am not always right but my ratio is improving. As I type the buck seems to be doing its 5h wave down of the last down move....should complete by morning.

Thanks for the bit on the Aussie /OIL correlation, do you think it is better than the Can Dollar/OIL correlation?

GS.

They seem to both work fine, AUD seems to give a little more ooomph on the ups and downs...

Read this:
http://finance.yahoo...e...set=&ccode=

USD will be lower for the next few months.

Edited by redfoliage2, 15 July 2010 - 12:09 AM.

They seem to both work fine, AUD seems to give a little more ooomph on the ups and downs...

Thanks. Some people don't like cross market analysis. I love it as it gives me a bit more confidence when I see something as now.....from several different angles....

Read this:
http://finance.yahoo...e...set=&ccode=

USD will be lower for the next few months.

Bullish article for USD in short term...

Be good to have a couple days down to ease the overbought on this great rally week and set up the next surge up.

Read this:
http://finance.yahoo...e...set=&ccode=

USD will be lower for the next few months.

Red, from the article:

""Things would have to get a lot worse before they agreed to this," said Paul Ashworth, senior U.S. economist at Capital Economics."

We will see SPX 870 and a $USD @ 90 before they act. Until then, trade what you see short term.

GS.

Read this:
http://finance.yahoo...e...set=&ccode=

USD will be lower for the next few months.

Red, from the article:

""Things would have to get a lot worse before they agreed to this," said Paul Ashworth, senior U.S. economist at Capital Economics."

We will see SPX 870 and a $USD @ 90 before they act. Until then, trade what you see short term.

GS.

Good call GS, I am just waiting for the market to top out before getting short.. I think next week the market will move down sharply.