Archive for September, 2008

What is going on in the US Dollar Index?

US Dollar Index Daily Chart:

US Dollar Index confirmed uptrend in June, new intermediate term high at $74. Price continued to consolidate forming a base before breaking out above consolidation and 200d-MA.
Small retracement in form of bull flag continuation pattern. Achieved its target and formed a negative momentum divergence at upper Bollinger Band - odds increased […]

September 22nd, 2008 | Posted in Commodities, Economy, Financial Sector, Hedge Funds, Technical Analysis | No Comments

Stock Market Turmoil and Debt Destruction: What happens now?

Week of September 16
WED:
Overnight thoughts: If Morgan is considering a takeover, then Morgan is in trouble. And as LEH showed, the downward spiral is viscous. It has to fall. Think about it. All financial counterparties to MS are looking to eliminate risk as fast as possible. Whether MS is well capitalized or not is irrelevant. […]

September 17th, 2008 | Posted in Bearish Looks, Financial Sector, Hedge Funds, Trade Ideas, Trading Discipline | No Comments

This blog contributes to the web with Nofollow Reciprocity.