Friday, July 31, 2009

Ho Hum. dollar down buy stocks...

The S&P has been almost perfectly inversely correlated with the dollar for the past couple of weeks if not more. (chart to come soon)



Today we have a break to new lows in the dollar yet the S&P is unable to make new highs.




Is this signaling the end of this rally?

here's a comment by one of my TA friends
we've gotten expansion bars on the dollar down into a test of june's low...on a friday no less...in any other market in my lifetime this would be freaking people out...ho hum dollar down buy stocks

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