Intermarket Technical Analysis Trading Strategies for the Global 3 pptx

... relationships into consideration. Intermarket technical analysis refers to the application of technical analysis to these intermarket linkages. The idea behind intermarket analysis seems so obvious that ... only the market or markets we're trading. Intermarket analysis represents an evolutionary step in technical analysis. Intermarket work builds on existi...

Ngày tải lên: 20/06/2014, 20:20

... by the trend of the U.S. dollar. Therefore, we begin our intermarket analysis with the dollar. The path to take is from the dollar to the commodity markets, then from the commodity markets to the ... of the chart shows the CRB Index during the same period of time. The arrows on the chart show how the peaks in the bond market correspond with troughs in the C...

Ngày tải lên: 20/06/2014, 20:20

... spring of 1989, which was the beginning of the end for the bull run in the dollar. THE DOLLAR VERSUS THE STOCK MARKET It stands to reason since both the dollar and the stock market are influenced ... YEAR. Stocks versus the Dollar 1987 THE DOLLAR VERSUS THE STOCK MARKET 89 FIGURE 6. 13 THE DOLLAR AND EQUITIES ROSE TOGETHER DURING 1988 AND THE FIRST HALF OF 1989....

Ngày tải lên: 20/06/2014, 20:20

... program trading caused the U.S. selloff, how do we explain the collapse in the other world THE GLOBAL COLLAPSE OF 1987 125 FIGURE 8 .3 AT THE 1987 PEAK, THE BRITISH STOCK MARKET PEAKED IN JULY, THE ... Since each of the four financial sectors is tied to the other three, a complete technical analysis of any one sector should include analysis of the other three....

Ngày tải lên: 20/06/2014, 20:20

... trough (the head) in the CRB Index. The third trough (the "right shoulder") in the CRB Index in the spring of 1987 coincides with the middle peak (the head) in the S&Ls. The "right ... interest-sensitive sector before it hit the general market. The bond market therefore became a leading indicator for the interest-sensitive stocks which, in turn, bec...

Ngày tải lên: 20/06/2014, 20:20

... in the lower chart. The time span on all the charts is 100 trading days. The relative ratio simply divides the group index in question by the CRB Index. Chart analysis can then be applied to the ... in the CRB Index. The final top in the Dow Utilities and the final peak in the bonds in early 1987 coincided with a trough in the CRB Index. The breakdown in the...

Ngày tải lên: 20/06/2014, 20:20

... PERIOD) 1960-1988 1965-1988 1970-1988 1975-1988 1980-1988 1985-1988 Govt. Bonds 442.52 4 23. 21 4 23. 58 31 4.16 288.87 132 .79 Corp. Bonds 580.21 481.04 452.70 33 8. 23 300.58 132 .32 U.S. Stocks 1428.41 766.78 650.69 555.69 289.27 145.62 CRB Index 1175.26 974.70 787.97 33 6.47 1 53. 68 128. 13 ... line, the economy has slipped into recession. The arrows represent the direction...

Ngày tải lên: 20/06/2014, 20:20

... down with them. The resulting selloff in stock index futures activated sell programs, which helped pull the Dow lower. As the headlines at 11 :32 and 11 :33 state, one of the reasons for the plunge ... York Times, 3/ 30/90) Despite the fact that all of the first four stories were bearish for stocks, "program sales" were used to explain the weakness in the Dow....

Ngày tải lên: 20/06/2014, 20:20

... by the trend of the U.S. dollar. Therefore, we begin our intermarket analysis with the dollar. The path to take is from the dollar to the commodity markets, then from the commodity markets to the ... higher. The rise in the dollar at the beginning of 1988 followed the rise in the CRB Index and interest rates that began in the spring of 1987. Are commodity trend...

Ngày tải lên: 20/06/2014, 23:20

... the dollar and Treasury bill futures. Figure 6.10 shows the sharp rally in T-bill prices that began in the spring of 1989, which was the beginning of the end for the bull run in the dollar. THE ... detail. For most of that year, the CRB Index and the JOC Index trended in opposite directions. During the first half of 1989, the JOC Index strengthened while the CRB...

Ngày tải lên: 20/06/2014, 23:20