5 replies to this topic

[youmast]

[Trend-Signals]

Hi Youmast, Yes, good point, in addition, 2860 is Jul/Oct 1999 and Jan2001 high resistance. It is also TL resistance; therefore, it is a significant resistance similar as SPX 1555 with less LT resistance psychological barrier than SPX 1555, however. So, breaking above Nasdaq 2860 along with SPX 1555 is indeed significant breakout. Measured targets of Nasdaq 3130 +/- and SPX 1650 +/- Good luck

Edited by Trend-Signals, 05 November 2007 - 06:16 PM.

[SemiBizz]

Very simple to me... the all time volume high for Nasdaq monthly is Jan 2001... the high was 2892.36, we have built 7 years of cause to test that high... It is a cinch to be a bearish upthrust on the monthly as November is a lower volume affair because of the holidays.

[Trend-Signals]

btw, those are good points, youmast, because I can understand that a presentation of market analysis looks simple when experienced traders read those; however, we, those who have done so, often know that it takes quite some time to study different angles of market price actions with various technical and fundamental analysis, e.g. the rate cutes which you mentioned. So, because I know that painstaking hours of studying markets, I do appreciate sharing your findings.

[youmast]

I'm not quite bullish here. Late Nov will show "who is who", and then we get the final answer by early Jan. That's what my timing tells.... Anyway, watch the Dollar, folks... It can kill the market , or send it to da_moon .

[Trend-Signals]

USD is trading at daily support TL near 76, however, measured target is near 73 +/- with a break of H&S...


~~

SPX LT vs USD: This is SPX LT chart overlay with USD. USD was in trading range for 15 years during which market rallied. In fact, market was rallying when USD was sharply falling in 1985-1986. As noted before, my view of 1987 sharp correction was due to 205% rally without a correction prior to 35% correction.

http://investorshub....age_id=22563247

We are in global economy by which US, as a whole, is giving to the rest of the developing countries.



http://www.stockcharts.com/c-sc/sc?s=$USD&p=W&st=1980-02-06&i=p85035956242&a=97283781&r=31.png


http://www.stockcharts.com/c-sc/sc?s=$SPX&p=M&st=1970-01-01&i=p77566946021&a=117316241&r=93.png





Strengthening Dollar
Advantages

* Consumer sees lower prices on foreign products/services.
* Lower prices on foreign products/services help keep inflation low.
* U.S. consumers benefit when they travel to foreign countries.
* U.S. investors can purchase foreign stocks/bonds at "lower" prices.

Disadvantages

* U.S. firms find it harder to compete in foreign markets.
* U.S. firms must compete with lower priced foreign goods.
* Foreign tourists find it more expensive to visit U.S.
* More difficult for foreign investors to provide capital to U.S. in times of heavy U.S. borrowing.

Weakening Dollar
Advantages

* U.S. firms find it easier to sell goods in foreign markets.
* U.S. firms find less competitive pressure to keep prices low.
* More foreign tourists can afford to visit the U.S.
* U.S. capital markets become more attractive to foreign investors.

Disadvantages

* Consumers face higher prices on foreign products/services.
* Higher prices on foreign products contribute to higher cost-of-living.
* U.S. consumers find traveling abroad more costly.
* Harder for U.S. firms and investors to expand into foreign markets.



http://www.chicagofe...weak_dollar.cfm