what doesnt really convince me of this rally is the Eur/USD correlation. Yesterday wen the dow was at the 7370 level, the euro was at 1.2844. today at the same level the Eur is at 1.274 and the USD Index is nogal UP to @ 88.1. Something not looking right here. something fishy.
Typcal yankees, look at that 20min sell off and now the eur is back at the daily lows. they really got no... (u know wat) . oh well at least some of them will be quick enough not to shot themself in the foot..or the head maybe?
You got that right Electrox. I'm perplexed. Look at the JPY as I think that's where things are dislocating. In overlay the EURJPY is (relatively) rocketing while USDJPY is tanking, and I think that's what's influencing the EURUSD relationship. Even though the Index is up the EURUSD is staying relatively stable, since around 12 Feb EURJPY has gained 6% relative to -8% for the USDJPY with the EURUSD as a base.
richard, you got zero chance of timing that low .. everybody has zero chance .. we have to trade/invest ignoring the attempt to catch the low .. anyways if things are going to jump 80-90% and you miss the first 20-30%, you still in the moolla ??
there is almost boggerol to stop the SnP from plunging to 600 as it's below the lows made in '02 and '03. If the 738 to 742 floor cracks then we have the biggest double top I've ever seen, playing out on the monthly chart.