hmm 11200 that seems like a reasonable mark but after the days rally and at mid day trading unless its a really late rally to close at that region today and carry on tomorrow i dont think we will see a huge break to the upside even if we do hit 11200 before todays close.It might just flatten out there
good point but on rare cases the inverse relationship between the two can unhinge causing both to move in tendon one might move slower compared to the other but in the same direction.Case in point was just after the elections where everything moved up in tendon totally ignoring rules.
I don’t see any powerful catalysts that would send the dollar index up enough to crash the market (at least in the short term).
I’d start to worry when the market can go down with the dollar going down OR the prices of Gold and Silver are up a significant percentage on a daily basis.
Continuing to print money out of thin air will cause commodity prices to soar since many commodities like Oil are priced in USD. You can’t buy Oil unless you own USD. I suppose it’s possible that commodity prices could based on something other than the USD like the Euro.
Some people think that Gold and Silver are so volatile because it’s priced in USD.
The Weimar republic printed so much money that the mark was not worth the paper it was printed on. Think about it, Would you rather own paper printed out of thin air or Gold and Silver?
O and one more thing is that im looking at a res zone of about 11160 to 11170 unless it breaks that cleanly it might just pop up and do a reversal if it takes that out then it has alot of clean area to move up.Are the cloud charts looking the same or are they pointing some where else.
true and im waiting as well if you threw a fibo on the up trend right now we can see clearly its banging against it.Im actually hoping for a retrace to work off those conditions before another leg up.Its either that or we can just fall flat right into close .Right now its still 50/50 but more bais to the bulls at this point
hmm 11200 that seems like a reasonable mark but after the days rally and at mid day trading unless its a really late rally to close at that region today and carry on tomorrow i dont think we will see a huge break to the upside even if we do hit 11200 before todays close.It might just flatten out there
good point but on rare cases the inverse relationship between the two can unhinge causing both to move in tendon one might move slower compared to the other but in the same direction.Case in point was just after the elections where everything moved up in tendon totally ignoring rules.
Wow… this is hard too believe, but this chart is showing a ton of put buying. That means the market will go up… WTH?
http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID1926808&cmd=show%5Bs198771802%5D&disp=P
I would extend that resistance zone to 11200 for confirming a breakout.
If SPX hits the 1227 mark than the fear of double top is over and it is very bulish
I don’t see any powerful catalysts that would send the dollar index up enough to crash the market (at least in the short term).
I’d start to worry when the market can go down with the dollar going down OR the prices of Gold and Silver are up a significant percentage on a daily basis.
Continuing to print money out of thin air will cause commodity prices to soar since many commodities like Oil are priced in USD. You can’t buy Oil unless you own USD. I suppose it’s possible that commodity prices could based on something other than the USD like the Euro.
Some people think that Gold and Silver are so volatile because it’s priced in USD.
The Weimar republic printed so much money that the mark was not worth the paper it was printed on. Think about it, Would you rather own paper printed out of thin air or Gold and Silver?
O and one more thing is that im looking at a res zone of about 11160 to 11170 unless it breaks that cleanly it might just pop up and do a reversal if it takes that out then it has alot of clean area to move up.Are the cloud charts looking the same or are they pointing some where else.
true and im waiting as well if you threw a fibo on the up trend right now we can see clearly its banging against it.Im actually hoping for a retrace to work off those conditions before another leg up.Its either that or we can just fall flat right into close .Right now its still 50/50 but more bais to the bulls at this point
That is a possibility DJ but indicators in hour chart is showing overbought readings. So i would wait to go long.
Yes, I think the next big move down will start in late January of 2011. It should last most of the year.