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Financial news I consider important, with my opinion, which is worth as much as you paid for it.
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Wednesday, August 19, 2009

Chart Crazy

The market is of course, having issues choosing a direction with conviction. I am still hanging on by a thread to my shorts. A break of SPX above 995 indicates up, and break of SPX 979 indicates down, according to "Karl of the market ticker". (pay for his service to hear why)

At the heart of the current direction is the USD. If it falls significantly lower, the USD will be in crash territory, and oil, gold, food will go up. The USD if it gains strength, will make Oil, Gold, food, etc cheaper, and also bring the US stock market to a lower value.

Many points of decision right now, the graphs for your viewing pleasure.
From WebSurfinMurf's Financial Blog

From WebSurfinMurf's Financial Blog

From WebSurfinMurf's Financial Blog

From WebSurfinMurf's Financial Blog

From WebSurfinMurf's Financial Blog

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