Intermarket Technical Analysis Trading Strategies for the Global 8 docx
Intermarket Technical Analysis Trading Strategies for the Global_1 potx
... 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...
Intermarket Technical Analysis Trading Strategies for the Global_3 pptx
... 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 1 987 top. (Gold also led the downturn in the CRB Index in 1 980 .) The 1 985
bottom in gold was more than a year ahead of the 1 986 bottom in the...
Intermarket Technical Analysis Trading Strategies for the Global_4 ppt
... back to the
beginning of the decade, the dollar bottomed in 1 980 , two years before the 1 982
bottom in stocks. In 1 988 and 1 989 the dollar and stocks rose pretty much in tan-
dem. The peak in the ... stocks outperform gold by a wide margin (1 980 to 1 985 and 1 988 through
the first half of 1 989 ). During periods of rising inflation (the 1970s and the period from
1 98...
Intermarket Technical Analysis Trading Strategies for the Global_5 docx
... pushed the U.S. wholesale inflation rate for 1 989 up to 4 .8 percent,
the highest inflation number since 1 981 . The major culprit behind the surge in the
GLOBAL INTEREST RATES 139
FIGURE 8. 17
THE ... bearish implications for global equities.
GLOBAL INTEREST RATES
Figure 8. 18 compares the bond prices for the United States, Japan, and Britain for the
last...
Intermarket Technical Analysis Trading Strategies for the Global_6 pdf
... with the middle trough (the head) in the CRB Index. The
third trough (the "right shoulder") in the CRB Index in the spring of 1 987 coincides
with the middle peak (the head) in the S&Ls. ... 9.17
THE S&L INDEX SHOWS A STRONG NEGATIVE CORRELATION WITH THE CRB INDEX FROM
1 985
TO
1990.
THE
1 987
TOP IN THE
S&Ls
MIRRORED
A
SIMILAR
BOTTOM...
Intermarket Technical Analysis Trading Strategies for the Global_7 pptx
... AND THEN RALLIED TOGETHER INTO THE
SECOND HALF OF 1 989 . AS 1 989 ENDED, BOTH WEAKENED.
Bonds versus Utilities
the utilities.) Both rallied together to the fourth quarter of 1 989 . At the 1 989 top,
bonds ... 100. 28* Wheat 96 .81
Heating oil 98. 29 Silver 95.92
Hogs 98. 12 Soy. oil 93.91
Soybeans 97.24 Soybeans 91.16
Wheat 96.12 Oats 90.07
Oats 93.54 Soy. meal 89 .04
Meal 93.04 C...
Intermarket Technical Analysis Trading Strategies for the Global_8 docx
... PERIOD)
1960-1 988
1965-1 988
1970-1 988
1975-1 988
1 980 -1 988
1 985 -1 988
Govt.
Bonds
442.52
423.21
423. 58
314.16
288 .87
132.79
Corp.
Bonds
580 .21
481 .04
452.70
3 38. 23
300. 58
132.32
U.S.
Stocks
14 28. 41
766. 78
650.69
555.69
289 .27
145.62
CRB
Index
1175.26
974.70
787 .97
336.47
153. 68
1 28. 13
... CHART)
FROM
EARLY
1 988
TO
EARLY
1990. THE FALLING RATIO...
Intermarket Technical Analysis Trading Strategies for the Global_9 docx
... 252 THE MYTH OF PROGRAM TRADING
FIGURE 14 .8
THE FOUR SECTORS OF THE AMERICAN MARKETS DURING 1 987 . THE INTERMARKET PICTURE
GOING INTO THE SECOND HALF OF 1 987 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...
Trading Strategies for the Global Stock, Bond, Commodity, and Currency Markets_3 doc
... 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 1 987 top. (Gold also led the downturn in the CRB Index in 1 980 .) The 1 985
bottom in gold was more than a year ahead of the 1 986 bottom in the...
Trading Strategies for the Global Stock, Bond, Commodity, and Currency Markets_4 pdf
... back to the
beginning of the decade, the dollar bottomed in 1 980 , two years before the 1 982
bottom in stocks. In 1 988 and 1 989 the dollar and stocks rose pretty much in tan-
dem. The peak in the ... BILL FUTURES 83
FIGURE 6 .8
BOND PRICES VERSUS THE DOLLAR FROM 1 987 TO 1 989 . BOTH MARKETS RALLIED TOGETHER
FROM EARLY 1 988 TO 1 989 . THE BULLISH BREAKOUT IN THE D...