Intraday Market Thoughts
Archived IMT (2009.06.10)
by
Jun 10, 2009 12:44
DOLLAR DROPS ACROSS THE BOARD as Russia says CUTTING SHARE OF US TREASURIES IN ITS RESERVES. 10 YR YIELD SHOOTING UP TO 3.92%. Euro regains $1.4130s, cable at $1.6450s and Gold at $963. GBP gets best of EUR, while Yen weakens on rallying equities. Also watch how the LAST THREE TRADING DAYS of the DOW showed 5-8 pts difference between open and close, away from the highs and lows, which is a clear sign of indecision, known as Doji in Canddlestick analysis. 1 day of such pattern is important but 3 consecutive days of such patterns are rare.
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