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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: Ken Reidy who wrote (18513)	2/17/2004 6:35:55 PM
From: Dan Duchardt	Read Replies (2) \| Respond to of 19219

If you set the left edge of the chart at the March low on the equities, the S&P and Dow are up over 40% and the dollar is down 13%. With the left edge at the October 2000 low, the equities are up over 45% and the dollar down about 20%. How do you interpret this? Has the equity market gone up around 25-30% independent of the dollar decline and gotten the extra boost from the declining dollar, or is there some inherent negative correlation? The dollar decline off the July 2001 high or the Jan 2002 high certainly did not boost the equities market, so it does not seem the correlation is all that strong.