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by Ashraf Laidi
Posted: Jun 10, 2009 18:17
Comments: 208
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This thread was started in response to the Article:

Falling Equities Still Key for Dollar

Intermarket analysis set-up still suggests that fresh equity selling remains the only source of support for the US currency.
 
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Carlco
UK
Posted Anonymously
15 years ago
Jul 16, 2009 19:04
this week we tested a lower low and is struggling to hold 930, now breached to 934, but we could rally to 1000, in the back of my mind is the fact that intel did ok, theres been a LOT of redundancies a new phenomenon workers accepting pay 'cuts', and unprofitable car manufacturers being beheaded by government, Lehmans could turn out to be the best thing to happen, ive read that M&A have been their busiest for a year, just a thought, but no one seems to wanting to short just yet
Nate
California, United States
Posted Anonymously
15 years ago
Jul 16, 2009 18:35
The funny thing is whenever this clown, Hank Paulson, used to speak last year the stock markets would turn for the worse. Though no longer the U.S. Treasury Secretary, it seems he still has his market-stalling powers. Traders have fallen asleep listening to him.....
Mojo
United States
Posted Anonymously
15 years ago
Jul 16, 2009 18:20
@Carlco and @Ahmed:

Yes, it is surprisingly quiet. Calm before the storm indeed....
Gunjack
London, UK
Posts: 1184
15 years ago
Jul 16, 2009 18:16
@carlco / fellow posters - good article about H&S pattern in S&P. Ashraf apols if you don't like links posted on her ( in case of spammers)

condoroptions.com/index.php/technical-analysis/the-validity-of-head-and-shoulders-patterns/
Carlco
bristol, UK
Posts: 151
15 years ago
Jul 16, 2009 18:07
it is quite amusing how the whole internet is tlking about key resistance levels, but no one dare commit to anything just yet.
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Jul 16, 2009 16:34
Ahmed, equities are giving you the answer right now. CIT news overtaking the good news from jobless claims and JPM...for now

Ashraf
Ahmed
Dubai, United Arab Emirates
Posted Anonymously
15 years ago
Jul 16, 2009 16:31
Equities seem to be going nowhere. Market is quiet. Forum is quiet.

Quiet before the storm, is it?
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Jul 16, 2009 16:30
Cougr, yes, onemust be careful despite yesterday's rise in teh VIX. but we're getting signals in JPY pairs losing lustre.

Ashraf
cougr
Australia
Posts: 101
15 years ago
Jul 16, 2009 10:43
Notwithstanding the VIX divergence signal with the S&P ,price action at least for now appears strong and maybe this rally still has some legs . What is interesting is that the rally coincided with a Bradley trend turn date ( Jul 15 ).I think the key is to watch support at 880 .
cougr
Australia
Posts: 101
15 years ago
Jul 16, 2009 10:16
Hi Ashraf ,I trust that your question below regarding the VIX is rhetorical therefore thankfully I won't go into answering it . Feeling lazy.
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