Intermarket Technical Analysis Trading Strategies for the Global 8 docx

... 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 ... 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...

Ngày tải lên: 20/06/2014, 20:20

... 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...

Ngày tải lên: 20/06/2014, 20:20

... 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...

Ngày tải lên: 20/06/2014, 20:20

... 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...

Ngày tải lên: 20/06/2014, 20:20

... 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...

Ngày tải lên: 20/06/2014, 20:20

... 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...

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 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...

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 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...

Ngày tải lên: 20/06/2014, 23:20

... 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...

Ngày tải lên: 20/06/2014, 23:20