HPQ is rolling over against the S&P 500 on a long term chart. MACD of the ratio goes -ve for first time in years.

Never seen Tim Wood talk about that and he's the guy to read on cycles.

Why has he got a little pony tail? Face it mate, you're bald.

This guy, he's a bit of a ranter, maybe prison is getting to him. I don't get how a cycle can still be valid if it just picks out the turn dates but inverts its direction of turn on those dates. That's a useless concept.

You've got to be careful with holding those inverse ETFs for a long time, as they erode in value. Look how SH did not make its peak in March 09, it lost value since the autumn 08 timeframe. There's no real free lunch on this, if you buy options they can erode in value based on time if the market doesn't go down as far as you want.

You could always take an inference from a tanking market that the dollar would rise further and buy the dollar up ETF but even that is a supposition, what if that relationship doesn't hold?

yes it could do more of a right shoulder in time and maybe not that much in price, get everyone bored and distracted before it breaks the neckline.

I reckon you need a bigger right shoulder than that and there is quite a bit of bearishness out there so that could give the fuel for a rally to form a right shoulder.

And with this North Korea business, I don't really think it is all about that but on the other hand, a resolution could then be presented as the reason for a rally, whether it is peaceful or not. You know they say ' buy on the bombs', well they do, even if there is nothing at the top of a Google search on that.

Thing is, it is just a rationalisation of market events. Why should Korean tension be bad for western companies? How is Korean tension going to effect sales of food, health care products, clothes, electrical goods, you name it? No reason at all.

We shouldn't follow these bland explanations by media companies like Reuters that get posted on Yahoo or wherever.

Bullish divergence on the 14 day RSI, albeit not on the MACD, bu this could be a way to play a recovery from oversold.

You not seen that film? and 28 weeks later, great films, zombie films, this market might get almost as scary!

http://www.google.co.uk/search?hl=en&q=28+days+later+trailer&meta=&rlz=1I7ADSA_en

On a serious point, interesting how the Euro held up, maybe that help the equities rebound tomorrow?

You've shown 20 days later, what did 28 days later look like?

As it happens, I checked out what your gasoline cost a few days ago. We pay £1.21 per litre, you pay 52 pence per litre. If yours is $2.85 at the pump, ours would cost you $6.62 per gallon (that is a US gallon, they are smaller than UK gallons). If you're all complaining at the price, consider yourselves lucky.

Countries don't often let themselves break up without a fight. It undermines the legitimacy of the state. If you have one bit break off, what is there to stop other bits breaking off? The rulers of each country derive their power from having a defined territory so they can't go losing bits.

Think about Northern Ireland, it is a complete hole, requires loads of subsidies but the British want to stay there to define their territory. If that went, the Welsh, the Scots would go, then Cornwall would pipe up and so on. You'd be left with very little.

Yes it was well done but then it we've also had videos posted here on the fact that the reduction in the circulation of money is having a deflationary effect and at the moment, that is a bigger factor.

http://www.youtube.com/watch?v=_doYllBk5No&NR=1

And right now, you've got commodity prices falling and the Dollar rising so  that appears to be the route it is playing out, for now at least.

Check out the Australian Dollar, new lows for the year vs USD. Sometimes the currencies can lead.

Ideally, you'd have a bullish 14 week RSI divergence before looking to buy the Euro and we only have the first move down to oversold. Would be great if you could get a bounce and then reach the divergent low at the 2005 support level.

I've tried applying the 60 period (days) stochastic to some pairs of Europe v USA. With TEF vs SPY, you could take a move above 20 as a buy signal. Thing is, of the European candidates I've been looking at, that's the only one that hasn't poked its head above 20 only to fail. The move below 20 again can be used as a stop loss.

So if you had a move above 20 following the weekly currency divergence set up above, that would be ideal.

So today's selling is down to the German short selling ban. Why? Why do they always rationalise things in this way? If the market didn't want to go down, the announcement of a rule change would have no effect.

Ironically, I've applies for work at a news organisation, of the type that writes this sort of crap, the kind of links you get on Yahoo finance. And I could end up being asked to write that sort of rubbish. Just hope I'd be able to stay detatched from it.

Maybe it is his May 4th thing here.

http://www.martinarmstrong.org/economic_projections.htm

He's in prison. LOL

If it was a fat finger, then price would be back up where it was.

When they start talking about 'inevitable', - if it was, it would already be there. I remember the media saying parity was inevitable for Sterling against the Euro in early 09 and it never got there.