Market Pulse 11-12-09: It is all about dollar, bla, bla, bla by gorrila soldier

ypm968

Wondering, why TA and FA are not working well in this market?
Because this market has been hijacked by US dollar since this rally started in March. The inverse relationship works as accurate as a precision instrument. Dollar up, market down. Dollar down, market up. So watch the dollar chart. $usd is sitting on 10 and 20-day ma, it not far away from the 50-day ma which is a major resistance. My bet is on  dollar will retrace, 50-day ma will be held, and rally will resume again!

busywind

thanks

Niubao

Thanks.  

slcgh

ranchgirl

That was my opinion

bupo

btmarket

Thx.