@ 83.78. High yesterday (day 12 of sell countdown) at 84 just under 84.05 target. Upper BB 84.26. LT Andrew Pitchfork middle tine just above. At retrace up resistance point.
$DXY turn down often coincide/preceed push up in US stock indices.
Last peak on the TDSEQ set up 9 on June 1 preceded turn up in equities.
Dollar Index ($DXY) entering ST/IT exhaustion zone
Started by
Geomean
, Jul 24 2012 08:42 AM
4 replies to this topic
#1
Geomean
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Posted 24 July 2012 - 08:42 AM
Opportunity knocks on your door every day-answer it.
#2
dowdeva
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Posted 24 July 2012 - 09:25 AM
Thank you, Geomean, for your valuable, and unique, analyses. They are much appreciated.
What do you make of the p/c over 5 on the NDX today?
~D
#3
Geomean
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Posted 24 July 2012 - 10:03 AM
Thank you, Geomean, for your valuable, and unique, analyses. They are much appreciated.
What do you make of the p/c over 5 on the NDX today?
~D
I'm guessing a a final shake of the tree, then a pivot up. No good VST (hourly) go long signal yet in the cash indices, maybe tomorrow.
Opportunity knocks on your door every day-answer it.
#4
SemiBizz
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Volume Dynamics Specialist
Posted 24 July 2012 - 12:32 PM
www.dukascopy.com
There are some great charts available here on currency crosses, and there are a lot of charting options.
My experience is that these ETFs and Derivatives don't actually give you a great picture of the underlying, because they are used as hedging vehicles...
Right here you can't make any real good assumptions about the dollar using the dollar index because it is corrupted with other crosses.
The real action is the Euro and all it's crosses...
The dollar index is a follower, not a leader.
Just one opinion...
If you get into the currency crosses though, it is whole new set of optics on global markets...
There are some great charts available here on currency crosses, and there are a lot of charting options.
My experience is that these ETFs and Derivatives don't actually give you a great picture of the underlying, because they are used as hedging vehicles...
Right here you can't make any real good assumptions about the dollar using the dollar index because it is corrupted with other crosses.
The real action is the Euro and all it's crosses...
The dollar index is a follower, not a leader.
Just one opinion...
If you get into the currency crosses though, it is whole new set of optics on global markets...
Edited by SemiBizz, 24 July 2012 - 12:35 PM.
Price and Volume Forensics Specialist
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#5
Geomean
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- Traders-Talk User
- 1,177 posts
Member
Posted 25 July 2012 - 08:35 AM
www.dukascopy.com
There are some great charts available here on currency crosses, and there are a lot of charting options.
My experience is that these ETFs and Derivatives don't actually give you a great picture of the underlying, because they are used as hedging vehicles...
Right here you can't make any real good assumptions about the dollar using the dollar index because it is corrupted with other crosses.
The real action is the Euro and all it's crosses...
The dollar index is a follower, not a leader.
Just one opinion...
If you get into the currency crosses though, it is whole new set of optics on global markets...
Thanks Semi. I've never traded FX, just do inter market analysis with it. But I looked at and saved the above link for further study. Appreciate the reminder.
Geo
Opportunity knocks on your door every day-answer it.
