Al >is that sufficient to indicate followthrough?
Yes, I would think it is. Here are charts of the DJIA and DJT which are both very positive (Transports confirming the movement in the Industrials, which is classical Dow theory):
stockcharts.com[h,a]daclyyay[dc][pd20,2][vc60][ile12,26,9!lo14]
stockcharts.com[h,a]daclyyay[dc][pd20,2][vc60][ile12,26,9!lo14]
Meanwhile, here's a chart of USD which is very weak:
stockcharts.com[h,a]daclyyay[dc][pd20,2][vc60][ile12,26,9!lo14]
But XAU is steady as she goes:
stockcharts.com[h,a]daclyyay[dc][pd20,2][vc60][ile12,26,9!lo14]
Oil is high and may go higher:
stockcharts.com[h,a]daclyyay[dc][pd20,2][vc60][ile12,26,9!lo14]
Also commodities:
stockcharts.com[h,a]daclyyay[dc][pd20,2][vc60][ile12,26,9!lo14]
So it looks like there will be some more inflation in the US and also that it's only a matter of time before POG breaks $312 on its way up the hill. |
