Reminder ~ EURUSD weekly chart suddenly gave a bullish warning on Jan 12 which should be USDX bearish. Despite it already being overextended this should be SP500 bullish. The bullish big picture outlook for USDX has not changed.
Market dislocation continues. As mentioned before, this is due to the increasing influence of SP500 bearish and USDX bullish long term trends conflicting with opposing shorter term direction.
Why is there so much dislocation? Where's your proof? Or is this conjecture because the market moves a few handles a day?
Great. It's recorded for posterity in the same place with your stellar calls. So do you want to answer my question and explain why you think the choppiness that you constantly remind us of is important? Or are you going to continue to mindlessly spout your drivel?
Market dislocation worsens as EURUSD / USDX are conflicting with bearish SP500 . This is due to the increasing influence of bearish SP500 and bullish USDX long term signals conflicting with opposing shorter term trends.
The overextended Wile E. Coyote SP500 wins the battle and stock bears are back in charge. A heads up for gold and silver bulls: Originally posted Feb 16, 2011 http://stockmarket618.wordpress.com âWhen DOW/S&P500 correction gathers momentum I expect: UP ~ USD, various USDXXX currencies, VIX Index DOWN ~ EURUSD, AUDUSD, NZDUSD, GOLD/SILVER, Base metals like COPPER etc, CRUDE OILâ