2 replies to this topic

[skott]

I will post a chart soon. The correlation between the dollar/yen moves and the market is very high. For the last few months the charts are almost exactly the same. Cheap money from Japan and in another way China is probably what is fueling this boom.

note that the dollar/yen has not reached it's previous highs it was at when the market crashed. has retraced a fib 78% and it LOOKS like a rising bearish wedge or at least looks as if it needs some correcting.

Dollar vs Yen compared to NDX

posted the chart. why does it show up in my orginal post?

Edited by skott, 04 May 2007 - 12:38 PM.

[selecto]

Money for nothin and chicks for free.,.. Lemme tell ya them guys ain't dumb.

Another view:

http://stockcharts.com/c-sc/sc?s=$USD:$XJY&p=D&yr=0&mn=6&dy=0&i=p27999493034&r=8644.png

Edited by selecto, 04 May 2007 - 01:05 PM.

[skott]

" those guys ain't dumb"

The guys at Long Term Capital weren't dumb either and nearly took down the financial system all by themselves.