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Strategies & Market Trends : Bonds, Currencies, Commodities and Index Futures -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (5686)	4/10/2005 12:53:35 PM
From: Griz1	Read Replies (1) \| Respond to of 12411

GZ, This was posted on another board a while back. If correct, it could mean that a sell in the dollar is a buy in the SPX. "Here's a nice correlation. USD highs correspond with SPX lows, and USD lows correspond with SPX highs: stockcharts.com[e,a]waclyyay[d20020101,20051219][pb50!b200!d20,2.... March 2003 USD pivot high, SPX low. June 2003 USD pivot low, SPX high August 2003 USD pivot high, SPX low Jan 2004 USD pivot low, SPX high May 2004 USD pivot high, SPX low May-October, essentially a flat move for both End of Dec. 2004, USD pivot low, SPX high End of March/early April 2005 USD pivot high at 86.50? SPX low? If the USD turns down from 85.50-86.50, the target should be 78.50 for a low. The moves in the USD almost mirror the moves in the SPX in percentage terms since early 2003. If this continues, a move down to 78.50 on the USD from 85.50 would yield 1260 SPX. Essentially I'm suggesting a multi-year low at 78.50 on the USD should yield a macro high on the SPX. It's also interesting that foreign investors have essentially broken even on the SPX since the March 2003 lows. I do not know what other implications this relationship has, but it's very intriguing to say the least. Basically, if you're bullish on the USD, you're going to be bearish on the SPX whether you like it or not, and vice-versa."

To: GROUND ZERO™ who wrote (5686)	4/10/2005 3:57:17 PM
From: HandsOn	Read Replies (1) \| Respond to of 12411

Agreed,I shorted a small position of USD/CAD late Friday. Keep an eye on the yen, if You are nimble you can scalp the USD short against the JPY. How are things in the Movie biz!

To: GROUND ZERO™ who wrote (5686)	4/12/2005 12:45:01 AM
From: Chip McVickar	Read Replies (5) \| Respond to of 12411

FWIW... IMO... the wiggle won't have legs. A Major shift in investor psychology is just around the corner and will bring the public back into the INDU and OEX. Should carry at least into June and maybe all the way to September. Solid buying is about to return... low is in place. Dollar will stablize, head for upper tine stockcharts.com[h,a]daoannay[dd][pf][J48932392,Y]&pref=G Oil decline to $45 ± stockcharts.com[h,a]daoannay[dd][pf][J48932522,Y]&pref=G OEX stockcharts.com[h,a]daoannay[dd][pf][J48931957,Y]&pref=G