IMO DXY is not really an accurate way to measure anything. The dollar is just weighted against a basket of other currencies. The driving factor has been strong oil prices & the weak Euro.
It’s hard to tell what will happen in the short term. But long term I think we will severe a lot of “traditional” relationships.
We very well could just continue to go up where stocks will reflect even higher and inflated prices.
today the DIA FP will be hit….i use the DAX as a daily indicator, and it ended the day UP 1.67%…..this is more than enough to hit the DIA….i think it will hit and stay, or reverse slightly off that level…..we are close…this is exciting!
Red,
Whatever happens today, it may be all you will get…if you are itching to short something FOSL has started to break down, as it did most Jan in the past (my puts are finally paying off)… Few people I follow have been pointing to top Jan 12th in time, most are saying their upside objections are satisfied…there may be 100 Dow points you are leaving on the table, but given the “publicity” of you blog, we may stop short and reverse violently (banks earnings, Europe)…We all agree on straight down on Feb, and they may shut the door early…kind of like May 2010 was suppose to be an upside month, then down… we know what happened…
It’s a good time to increase volatility and leave majority very exposed into Feb, where all they can do is sell. I can see how CNBS will spin first few days as “needed correction”, than everyone starts to realize the worse is yet to come
The dollar has been going up, while the market has too. If the dollar rolls back, will the market follow? Or, will the inverse relationship they’ve had in the past come back into play?
On the weekly chart the dollar still has room to run up, but on the daily chart it could roll back down for awhile. Hard to figure this one out?
Crackhead valuation of OPEN. Fundamental 156.02 P/E. 24% Short Float.
The business is restaurant reservations of tables ¿ – ?
Who thinks this stock is a great buy? Smokey the bear?
Shakes head…I just don’t understand.
IMO DXY is not really an accurate way to measure anything. The dollar is just weighted against a basket of other currencies. The driving factor has been strong oil prices & the weak Euro.
It’s hard to tell what will happen in the short term. But long term I think we will severe a lot of “traditional” relationships.
We very well could just continue to go up where stocks will reflect even higher and inflated prices.
SPY Consolidation breakout
http://niftychartsandpatterns.blogspot.com/2011/01/spy-consolidation-breakout.html
red,,,
today the DIA FP will be hit….i use the DAX as a daily indicator, and it ended the day UP 1.67%…..this is more than enough to hit the DIA….i think it will hit and stay, or reverse slightly off that level…..we are close…this is exciting!
Red,
Whatever happens today, it may be all you will get…if you are itching to short something FOSL has started to break down, as it did most Jan in the past (my puts are finally paying off)… Few people I follow have been pointing to top Jan 12th in time, most are saying their upside objections are satisfied…there may be 100 Dow points you are leaving on the table, but given the “publicity” of you blog, we may stop short and reverse violently (banks earnings, Europe)…We all agree on straight down on Feb, and they may shut the door early…kind of like May 2010 was suppose to be an upside month, then down… we know what happened…
It’s a good time to increase volatility and leave majority very exposed into Feb, where all they can do is sell. I can see how CNBS will spin first few days as “needed correction”, than everyone starts to realize the worse is yet to come
Newt Gingrich Pushing Bill To Allow States To File Bankruptcy:
http://www.zerohedge.com/article/newt-gingrich-pushing-bill-allow-states-file-bankruptcy-allowing-them-renege-pension-and-ben
The dollar has been going up, while the market has too. If the dollar rolls back, will the market follow? Or, will the inverse relationship they’ve had in the past come back into play?
On the weekly chart the dollar still has room to run up, but on the daily chart it could roll back down for awhile. Hard to figure this one out?
yes!!! but this is full control
India may use gold to settle oil trades with Iran:
http://www.ibtimes.com/articles/99316/20110110/india-may-use-gold-to-settle-oil-trades-with-iran-et.htm
Silently slipping away from the use of the Dollar. The petrodollar is one of the only reasons the dollar hasn’t collapsed.
Glad to have you onboard the rollercoaster ZZB. This should be a fun ride down! I hope the bulls carried vomit bags…