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Frontline Ltd. Message Board

  • barbershores barbershores Mar 7, 2013 11:18 AM Flag

    BS on the broad market

    An observation: The DOW had been running flat , congestive, from 1/25 to 2/26. Since then it has been running up. During this period, the US dollar has been running up. Bullish sign for the market when the stock market holds level, then up, as the US dollar is rising. Right now, the US dollar, on a daily chart, looks to be topping, at least for awhile. I think it more likely for the US dollar to take a rest, or even pull back, over the next couple of weeks.
    ------------------------------------------------
    If the stock market can run flat to up while the dollar is rising, I would expect that when the dollar falls, the stock market should be able to continue up. If it doesn't, it means that the market is no longer able to buck the buck.

    There are lots of conflicting indicators right now, but I think the dollar will probably be boss at least in the short term.

    We shall see.

    Just my take.

    Best of luck,

    Barbershores

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