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Public blog posts only as education and entertainment. private membership market updates reflect my view and analysis of the market. The information contained on this website and from any communication related to the author’s blog and charts is for information purposes only. The chart analysis and the market comments do not hold out as providing any financial, legal, investment, or other advice. In addition, no suggestion or advice is offered regarding the nature, profitability, suitability, sustainability of any particular trading practice or investment strategy. The materials on this website do not constitute offer or advice and you should not rely on the information here to make or refrain from making any decision or take or refrain from taking any action. It is up to the visitors to make their own decisions, or to consult with a registered professional financial advisor. And i absolutely discourage trading options.

Sunday, March 20, 2011

$USD in favor of humble $spx target 1425 in the specific time frame

on private membership weekend comprehensive report, details of several different angles of analysis and reasons all decisively result in the humble $spx 1425 target price. timing target also provided.
$spx 1425 is about 20% higher than Friday Mar 18, 2011's $spx 1279 closing price. about 60% higher for 3X bull ETF.

...
8. On Mar 17, 2011, US Dollar Index broke the red LT trend line support from Mar 2008, should helps the coming rally of the stock market due to the generally inverse correlation of $USD and $spx.



PS. 1). a friend email asked about $usd and $spx correlation. my answer:
$usd is just an aid, not the dominant factor in 1425 target.
the main analysis is in $spx itself in many fronts.

2). on Friday 3/18's member update, i was looking for three-white-soldiers reversal pattern.
entertainment:
<< this weekend, we did have three-white-soldiers (France, England, U.S.) bombing Libya.
124 Tomahawk missiles launched, each missle costs taxpayer $USD 569000. maybe that's the reason $USD coming down? but stock market goes up to create the wealth effect to offset taxpayers burden? >>

Disclaimer
The information contained on this website and from any communication related to the author’s blog and charts is for information purposes only. The chart analysis and the market comments do not hold out as providing any financial, legal, investment, or other advice. In addition, no suggestion or advice is offered regarding the nature, profitability, suitability, sustainability of any particular trading practice or investment strategy. The materials on this website do not constitute offer or advice and you should not rely on the information here to make or refrain from making any decision or take or refrain from taking any action. It is up to the visitors to make their own decisions, or to consult with a registered professional financial advisor. And i absolutely discourage trading options.