MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: Ken Reidy who wrote (18512)	2/17/2004 6:01:21 PM
From: Ken Reidy	Read Replies (1) of 19219

Today was another example that the main thing driving the stock market is a weaker dollar. This is not what a bull market is made of. The following chart shows that the weak dollar has been the primary driver of the stock market rally since October of 2002: stockcharts.com You can click and drag the 200 day bar to the left until it reaches October of 2002...at about 340 days. Larry Kudlow says he is shorting Gold and going long the dollar...a rather questionable strategy. If he is right though, the stock market currency mirage rally is over.

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