currency BIG picture
Posted by: rp on the 9th of Nov 2011 at 01:21 pm
rockee- thx. also keep in mind although i can sit and type my opinions and fundamental ramblings all day long on how this thing will play ultimately, it is the charts of the currencies (primarily $USD and the EURO) that will shape my trades.
here is my EUR/USD daily, DXYO (dollar index) daily, weekly and monthly charts (note that those DXY0 charts are delayed and do not reflect today’s move but i track them in real-time on my other charts services and added today’s rough candlestick to the daily chart). i just find these fsc.com charts very clean and easy to edit/annotate.
it is these charts, in conjunction with many other long-term (weekly and monthly) key stocks and index charts that convince me that a major bear market in US equities has either begun in may of 2011 or will commence very soon if the gov’t is able to engineer this market to new highs into early next year. i still lean strongly towards the former vs. the latter but will adjust accordingly.
