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Strategies & Market Trends : Waiting for the big Kahuna
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To: William H Huebl who wrote (77049)10/7/2007 7:12:20 PM
From: Real Man  Read Replies (1) of 94695
 
This is the key Yen per dollar chart, which is the only
currency chart that matters to the stock market



The bounce of dollar against Yen was not nearly as strong
as the stock market bounce. As dollar/Yen turns back South, so
will stocks. Note: the dollar index may actually bounce as
the dollar goes South against the Yen. However, it appears the
dollar just went down against everything. Not much of a bounce
against Yen, which always gets even weaker than the dollar.
So? Maybe we get some October MELT. If we get Yen melt - up
(a meltdown on this chart above), then we get October BK
in stocks -g- That's the carry trade chart. Euro/Yen carry
plays an important role. So, normally, Euro would tank
against Yen and the dollar on such event, bringing down USDX,
which is 57% Euro. Normally, Yen strengthens more than the
dollar when the dollar does strengthen. However, this time
could be different, as the dollar might just tank against
everything.
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