It Is The Dollar Stupid! 3
Remember original article It
Is The Dollar Stupid 2!?
Ok, here is the research that completes that article.
The graphs depict the matrix of SPX /USDollar-Index for SPX to satisfy the
Fibonacci 50% and 62% retrace of the drop from 2000 into 2002.
OK, Please take note at current $Dollar=84.90 we project 1475 on SPX.
If $Dollar moves back up (it really could!) to 87.2 high of few weeks ago then 1440 was it for SPX.
In any case we advised, yes publicly, to sell the indices (for a local/global) top and GOLD for a local top.
This may not be the end, especially for some stocks, but indices could have had it.
Goldman looks like will go to 245 after all and that could happen without SPX's help.
Stay in touch with the http://borisc.blogspot.com,
we sold QQQQ at a(hopefully the) top(3c difference) and called few other
things right (to say the least).
Are we having fun? To find out what we mean by having fun, please visit our site.
As you are there notice the pinpointing of the market mood change that has been dramatically caught buy our proprietary BUY-SELL PRESSURE (published every day and freely available). You also may know that you can ask any/all questions about any stocks FREE on our site. See you there.