drbubb Posted October 22, 2010 Report Share Posted October 22, 2010 Three Charts - for the HIG Meeting "Waiting for the dollar uptrend, to trigger a slide in stocks and commodities." Following are the three charts that I mentioned at today's Investor's Group Meeting. 1) US Dollar / DXY ... update Bouncing off a long term trendline - as first drawn last week. It has held so far. (Note that sentiment is the most negative yet - 3% Bulls - despite a higher high on trendline.) 2) SPY / etf for S&P500 ... update : Latest 6mos Being repelled by the long term moving averages (Fibonacci numbers: 377, 987 days). Note that they have worked like "force fields" repelling the price move when it gets within 0.5%. Will the approach this week (within 1.0%), be enough to turn the market this time? Note the weak volume going into this test. 3) 12 months change in Gold versus Growth in GDP ... update Another drop in the economy (a "double dip") could bring a larger slide in Gold prices. == == == A must listen podcast, is this fine interview with Felix Zulauf, of Barron's Round table fame: FELIX ZULAUF Felix is on a similar wavelength with his thoughts, in this excellent interview on KingWorldNews: http://kingworldnews.com/kingworldnews/Bro...lix_Zulauf.html He spoke about a possible bottom in the "oversold" dollar, and a potential rally "into early next year." He has some excellent comments regarding capital controls, and how they may come into the markets, to restrict QE policies from endangering the stability of the surplus countries. Link to comment Share on other sites More sharing options...
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