Intermarket Technical Analysis Trading Strategies for the Global 7 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 ... 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 19 87. Are commodity tren...

Ngày tải lên: 20/06/2014, 20:20

... in the summer of 1986, whereas the Foodstuffs didn't bottom out until the first quarter of 19 87. The Foodstuffs, on the other hand, peaked in mid-1988 and dropped sharply for a year. 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...

Ngày tải lên: 20/06/2014, 20:20

... out of the six with an average lead time of eight months. The two times when the CRB Index lagged turns in the CPI Index (1 977 and THE CRB INDEX VERSUS THE PPI AND THE CPI 119 FIGURE 7. 17 THE CRB ... (see Figures 7. 17 and 7. 18). The PPI is more volatile than the CPI and is the more sensitive of the two. The CRB, representing prices at the earliest stage of...

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 19 87 coincides with the middle peak (the head) in the S&Ls. The "right ... WITH THE CRB INDEX FROM 1985 TO 1990. THE 19 87 TOP IN THE S&Ls MIRRORED A SIMILAR BOTTOM IN THE CRB INDEX. THE MID-1988 PEAK IN THE CRB HELPED...

Ngày tải lên: 20/06/2014, 20:20

... in the CRB Index. The final top in the Dow Utilities and the final peak in the bonds in early 19 87 coincided with a trough in the CRB Index. The breakdown in the two financial markets in the ... 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...

Ngày tải lên: 20/06/2014, 20:20

... were the best overall performer (1428.41) whereas the CRB Index came in second (1 175 .26). In the two periods be- ginning in 1965 and 1 970 to 1988, the CRB Index was the best performer ( 974 .70 and ... line, the economy has slipped into recession. The arrows represent the direction of the three financial markets-B for bonds, S for stocks, and C for commodities. Th...

Ngày tải lên: 20/06/2014, 20:20

... 252 THE MYTH OF PROGRAM TRADING FIGURE 14.8 THE FOUR SECTORS OF THE AMERICAN MARKETS DURING 19 87. THE INTERMARKET PICTURE GOING INTO THE SECOND HALF OF 19 87 WAS BEARISH FOR EQUITIES-A ... 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 m...

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 ... bottom and the 19 87 top. (Gold also led the downturn in the CRB Index in 1980.) The 1985 bottom in gold was more than a year ahead of the 1986 bottom in the CRB...

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 ... rising for several months, pulling the dollar higher. Over the summer both the dollar and stocks began to weaken THE DOLLAR VERSUS THE STOCK MARKET 87 FIGURE 6.11 TH...

Ngày tải lên: 20/06/2014, 23:20