Crash is a very strong word, but accurate

P

pfch1977

"Crash" is a very strong word, but I can't think of any other way to state what is happening.


Since the start of 2006, the $INDU has been on a tear. However, during that time, the US dollar has fallen dramatically. Now we have hit a double bottom on the ten year yield. What will happen next is the dollar will dramatically rise while oil makes its fall and then the INDU will go into the trash can in an obvious panic.

I am a bear in this market and have been for sometime...
 

Attachments

It's a valid theory but so far there is no confirmation just a test of the lows. It does merit a look.

However a better question would be, where were you when the M top formed and confirmed :D

Just kidding.

Anek
 
Quote from pfch1977:

"Crash" is a very strong word, but I can't think of any other way to state what is happening.


Since the start of 2006, the $INDU has been on a tear. However, during that time, the US dollar has fallen dramatically. Now we have hit a double bottom on the ten year yield. What will happen next is the dollar will dramatically rise while oil makes its fall and then the INDU will go into the trash can in an obvious panic.

I am a bear in this market and have been for sometime...
More...
Interesting intermarket analysis ... do you have the results of any of your previous analysis, or is this your first time taking at shot at it?

Thanks any,

I
 
Quote from pfch1977:

"Crash" is a very strong word, but I can't think of any other way to state what is happening.


Since the start of 2006, the $INDU has been on a tear. However, during that time, the US dollar has fallen dramatically. Now we have hit a double bottom on the ten year yield. What will happen next is the dollar will dramatically rise while oil makes its fall and then the INDU will go into the trash can in an obvious panic.

I am a bear in this market and have been for sometime...
More...

Interesting. Sounds like you have been short since '03. Great analysis and good luck with your prediction.
 
Quote from pfch1977:

Since the start of 2006, the $INDU has been on a tear. However, during that time, the US dollar has fallen dramatically.
More...
Dollar collapse will propel the DOW higher. It's due to globalization of the market.
 
Ok, now I know this might seem like another joke post on ET, but lets discuss this logically. First, lets look at the dollar chart. Classic V-Bottom and the price is now in the upper Bollinger. For a while, its been traveling down the bottom Bollinger and recently turned up. Notice has been below the 50 day for sometime and now has just turned above it.

I think it will take about 1-2 years for the dollar to get back to 92.63, but the bottom is definately in.
 

Attachments

Next lets look at the $INDU. Classic head and shoulders. If it breaks that neckline, we are in for a crash and you know for certain that there are many very fragile events that will cause a breakdown.
 

Attachments

You must log in or register to reply here.
Back
Top