Intermarket Technical Analysis Trading Strategies for the Global 6 pdf

... 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 ... dollar. The entire decade saw the U.S. currency on the defensive. THE DOLLAR VERSUS THE CRB INDEX 61 FIGURE 5.5 THE U.S. DOLLAR VERSUS THE CRB INDEX DURING 198...

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... that began in the 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 ... mul- tiplying all of the numbers together and taking their 21st root. 3. The resulting value is divided by 53. 061 5, which is the 1 967 base-year average for these...

Ngày tải lên: 20/06/2014, 20:20

... 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. The goal is to consider the broader ... 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 BRITIS...

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... synchronous. The "left shoulder" in the S&Ls in 19 86 coincides with the middle trough (the head) in the CRB Index. The third trough (the "right shoulder") in the CRB Index in the ... IN THE CRB INDEX. THE MID-1988 PEAK IN THE CRB HELPED LAUNCH THE S&L RALLY. THE PEAK IN THE S&Ls IN THE AUTUMN OF 1989 COINCIDED WITH THE...

Ngày tải lên: 20/06/2014, 20:20

... such things as the trend of the dollar and commodity prices. For these reasons, the Dow Utilities are a part of the intermarket picture. DOW UTILITIES VERSUS THE DOW INDUSTRIALS Before looking ... 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 two fi...

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... Bond Futures 2 26 INTERMARKET ANALYSIS AND THE BUSINESS CYCLE Some understanding of the business cycle (together with intermarket analysis of bonds, stocks, and commodities) impacts on the asset allocation ... as their commodity proxy, I'll show where the yellow metal fits into the picture. Because the bond market plays a key role in the business cycle and the th...

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... arbitrage didn't exist in these other markets. How then do we explain their collapse? If index arbitrage caused the collapse in New York, what caused the collapse in the other markets around the globe? A ... gratifying, for example, to see how well the markets followed the intermarket script even during the hectic days of the Mideast crisis that gripped the global...

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 ... PUSH THE CRB INDEX LOWER. THE 19 86 BOTTOM IN THE CRB INDEX OCCURRED A YEAR AFTER THE 1985 PEAK IN THE DOLLAR. THE 1988 PEAK IN THE CRB INDEX TOOK PLACE A HALF...

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 ... AND THE SPOT FOODSTUFFS. 86 THE DOLLAR VERSUS INTEREST RATES AND STOCKS will the dollar. To the left of the chart in Figure 6. 9, in the period from 1985 through...

Ngày tải lên: 20/06/2014, 23:20