Posted by morton13 on 13th of Mar 2013 at 04:41 pm
i'm a big fan of the 20 day ema so the rejection to me is
significant. i wonder though if the us dollar has about
petered out....its looking tired along with the overall market.
yes, seems the key to the market is the Yen. Don't quite
understand why, but that is more important than $USD I think.
The dynamics of the markets have changed in the last month.
Not very correlated -- at least not in the way they were for
years. Will this continue? Maybe. I'm still
finding the AAPL divergence to be amazing.
Intersting obsevation. forign money into US. This is like QE1
was discoveried after 2009 market rally. The question is for how
long US dollar will remain strong ?
Yes what do you do when your CB strongly debases your currency?
Problem is how other countries react to it like maybe China? Really
you end up with a form of trade war?
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GDX rejected hard from 20 day MA
Posted by kalinm on 13th of Mar 2013 at 04:31 pm
Eerily similar to what happened in the summer of 2008. I dumped all my GDX this morning on a break of the small uptrend.
nice chart kalinm keep them coming...
Posted by morton13 on 13th of Mar 2013 at 04:41 pm
i'm a big fan of the 20 day ema so the rejection to me is significant. i wonder though if the us dollar has about petered out....its looking tired along with the overall market.
yes, seems the key to
Posted by kalinm on 13th of Mar 2013 at 05:04 pm
yes, seems the key to the market is the Yen. Don't quite understand why, but that is more important than $USD I think. The dynamics of the markets have changed in the last month. Not very correlated -- at least not in the way they were for years. Will this continue? Maybe. I'm still finding the AAPL divergence to be amazing.
My understanding is weak yen
Posted by john9o9 on 13th of Mar 2013 at 05:21 pm
My understanding is weak yen is forcing money into US equities therefore getting currency advantage on top of equity appreciation.
Intersting obsevation. forign money into
Posted by bpt2013 on 13th of Mar 2013 at 09:10 pm
Intersting obsevation. forign money into US. This is like QE1 was discoveried after 2009 market rally. The question is for how long US dollar will remain strong ?
Yes what do you do
Posted by john9o9 on 14th of Mar 2013 at 05:12 am
Yes what do you do when your CB strongly debases your currency? Problem is how other countries react to it like maybe China? Really you end up with a form of trade war?