UUP Daily Trend Model
SPX Daily Trend Model
This looks like a step for step correlation to me. The implication is that no meaningful decline in the market should take place without a corresponding rise in the dollar.
Which leads me to the Detroit Red Wings. Las Vegas has them at 10-1 to win the Stanley Cup this season. I have them at 1-1. This discrepancy could end up being the best bet of all, regardless of the value of the dollar or level of the SPX.
In any case, three markers to keep an eye on in the coming months.
A
2 comments:
Allan...
There was news on ISCO today...do you have any comment chart-wise or otherwise on this stock? Your last was a while ago - March I think...and it did quite well for a while...
http://allallan.blogspot.com/2010/03/isco-weekly-ew-update.html
ISCO news...
http://finance.yahoo.com/news/International-Stem-Cell-bw-2980467014.html?x=0&.v=1
ISCO reversed LONG at 1.20, which to me trumps any news or reactions thereto. Nice pop though.
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