Intermarket Technical Analysis - Trading Strategies Part 7 ppsx

... 10: 27 A.M US Stock Index Opening: Move higher, follow bonds 244 THE MYTH OF PROGRAM TRADING -1 1: 07 A.M CBT Jun T-bonds break to 92 18/32 —11: 07 A.M— US stock index futures slide as T-bonds ... ARE PART OF THE LONG-LEADING INDEX, WHEREAS STOCKS (S&P 500) AND COMMODITIES (JOURNAL OF COMMERCE INDEX) ARE PART OF THE SHORT-LEADING INDEX. (SOURCE: BUSINESS CONDITIONS DIGE...

Ngày tải lên: 04/07/2014, 03:20

... index. ISBN 0-4 7 1-5 243 3-6 (cloth) 1. Investment analysis. 2. Portfolio management. I. Title. II. Series. HG4529.M86 1991 332.6-dc20 9 0-4 85 67 Printed in the United States of America 20 19 18 17 16 15 ... 206 13 Intermarket Analysis and the Business Cycle 225 14 The Myth of Program Trading 240 15 A New Direction 253 Appendix 259 Glossary 273 Index 277 III 16 THE 19 8...

Ngày tải lên: 04/07/2014, 03:20

... THAT SUMMER. Long-Term Interest Rates versus the Dollar 1988 and 1989 SHORT-TERM RATES VERSUS LONG-TERM RATES Figure 6.5 compares short- and long-term rates from 1985 to 1989. The chart shows that long-term ... 6.5 LONG-TERM VERSUS SHORT-TERM INTEREST RATES FROM 1982 TO 1989. LONG-TERM RATES ARE USUALLY HIGHER THAN SHORT-TERM RATES. WHEN SHORT-TERM RATES ARE DROPPING FASTER THAN L...

Ngày tải lên: 04/07/2014, 03:20

... performing intermarket analysis is not to do economic analysis, but to aid analysts in making trading decisions. The perti- nent question is which of the two commodity indexes fit into the intermarket ... in the CPI Index (1 977 and THE CRB INDEX VERSUS THE PPI AND THE CPI 119 FIGURE 7. 17 THE CRB FUTURES PRICE INDEX VERSUS ANNUAL RATES OF CHANGE FOR THE CONSUMER PRICE INDEX (CPI-W...

Ngày tải lên: 04/07/2014, 03:20

... McGinley, Jr. (Technical Trends, P.O Box 79 2 Wilton, CT 068 97) shows that the Dow Utilities have led the Dow Industrials at every peak since 1960 with only one exception-the 1 977 peak. During ... broader market. The 19 87 peaks provide an excellent example of that interplay. The Dow Jones Utility Average has become a part of the intermarket analysis and takes its place in the ana...

Ngày tải lên: 04/07/2014, 03:20

... COMMODI- TIES (ASSUMING A $100 INVESTMENT IN EACH CLASS DURING EACH TIME PERIOD) 196 0-1 988 196 5-1 988 1 97 0-1 988 1 97 5-1 988 198 0-1 988 198 5-1 988 Govt. Bonds 442.52 423.21 423.58 314.16 288. 87 132 .79 Corp. Bonds 580.21 481.04 452 .70 338.23 300.58 132.32 U.S. Stocks 1428.41 76 6 .78 650.69 555.69 289. 27 145.62 CRB Index 1 175 .26 974 .70 78 7. 97 336. 47 15...

Ngày tải lên: 04/07/2014, 03:20

... and, 5 2-5 3 Support, 27 5-2 76 Symmetrical triangle, 13, 14, 160, 275 , 276 Technical analysis, 2-3 , 5, 6, 8, 3 4-3 5, 254, 2 57, 276 Three-steps-and-a-stumble rule, 5 2-5 3, 135 Trading range, 276 Treasury ... 8 6-8 9 and the stock market crash of 19 87, 1 7- 1 8, 19, 88, 243 vs. Treasury bill futures, 8 3-8 6 and Treasury bonds, 5 7- 5 9, 77 , 78 , 79 , 8...

Ngày tải lên: 04/07/2014, 03:20

... concept of technical analysis is now evolving to take these intermarket relationships into consideration. Intermarket technical analysis refers to the application of technical analysis to these intermarket linkages. The ... index. ISBN 0-4 7 1-5 243 3-6 (cloth) 1. Investment analysis. 2. Portfolio management. I. Title. II. Series. HG4529.M86 1991 332.6-dc20 9 0-4...

Ngày tải lên: 20/06/2014, 20:20

... THAT SUMMER. Long-Term Interest Rates versus the Dollar 1988 and 1989 SHORT-TERM RATES VERSUS LONG-TERM RATES Figure 6.5 compares short- and long-term rates from 1985 to 1989. The chart shows that long-term ... 6.5 LONG-TERM VERSUS SHORT-TERM INTEREST RATES FROM 1982 TO 1989. LONG-TERM RATES ARE USUALLY HIGHER THAN SHORT-TERM RATES. WHEN SHORT-TERM RATES ARE DROPPING FASTER THAN L...

Ngày tải lên: 20/06/2014, 20:20

... performing intermarket analysis is not to do economic analysis, but to aid analysts in making trading decisions. The perti- nent question is which of the two commodity indexes fit into the intermarket ... dollar re- acts more to changes in short-term interest rates than to long-term rates. It explains why T-bill and the dollar often trend in opposite directions. During periods of mon...

Ngày tải lên: 20/06/2014, 20:20