As indicated in my last post, BAC and the DOW are now in a COUNTERTREND move with the support area of BAC being the TRENDLOW(13.50) and the DOW being the TRENDLOW(9614). The UPTREND read in the EURO(FX) has generated...
Read MoreThe direct relationship between the EURO and the DOW had broken down last week as evidenced by the COUNTERTREND move in the EURO leading to the DOWNTREND that had lasted over 130 days being taken out while the DOW set new...
Read MoreAs I posted earlier, the direct relationship between the Dow and the Euro seems to have ended. This is further evidenced by the fact that there is a “NO TREND DISCERNIBLE” read on the EURO. It will be...
Read MoreAs posted in my last commentary the CounterTrend in the Dow, Euro, and Bank of America continues. Stochastics indicate the potential for further upward movement. The key test area for the Dow is now the 10386 level,...
Read MoreOn this CounterTrend Move that is now occurring in the Dow, 10313-10350 will be a key test area for a couple of reasons. 1) The Stochastics Methodology used will be in the higher numbers. 2) Prices will be in...
Read MoreIt is obvious that the Dow and the Dow futures are trading in a direct relationship to the EUR/USD(FX). The indications are that the EUR/USD(FX) is in a CounterTrend status. Normally a countertrend move is in effect...
Read More
