Intermarket Technical Analysis - Trading Strategies Part 8 docx

... 20 0-2 03, 205 since 1 987 , 2 4-3 0 role of short-term rates, 3 5-3 6 vs. stocks, 9 0-9 1 technical analysis of, 3 4-3 5 Commodity futures, as an asset class, 11, 22 0-2 21, 223, 224 Commodity groups, 9, 9 7-9 8, 18 8- 1 91 Commodity ... of 1 987 , 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 2 -8 3 Doub...

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 ... concept of technical analysis is now evolving to take these intermarket relationships into consideration. Intermarket technical analysis refers to the application of...

Ngày tải lên: 04/07/2014, 03:20

... THAT SUMMER. Long-Term Interest Rates versus the Dollar 1 988 and 1 989 SHORT-TERM RATES VERSUS LONG-TERM RATES Figure 6.5 compares short- and long-term rates from 1 985 to 1 989 . The chart shows that long-term ... 1 988 to mid-1 989 , however, FIGURE 6.7 THE DOLLAR VERSUS BOND PRICES FROM 1 985 TO 1 989 . FROM 1 985 TO 1 986 , THE BOND MARKET RALLIED DESPITE A FALLING DOLLAR. BOTH RALLI...

Ngày tải lên: 04/07/2014, 03:20

... 1 984 (93%), 1 987 (74%), 1 988 (76%), and the first half of 1 989 (89 %). (Source: CRB Index Futures Reference Guide, New York Futures Exchange, 1 989 .) Correlation studies performed for the 12-month ... first quarter of 1 989 . While the Raw Industrials turned up first in mid-1 986 , the Foodstuffs turned down first in mid-1 988 . By understanding how industrial and food prices perform rel...

Ngày tải lên: 04/07/2014, 03:20

... Figure 9 .8 pinpoint where major turning points in the price of oil coincide with similar turning points in oil shares. Important bottoms in oil shares in 1 986 , late 1 987 , late 1 988 , and late 1 989 coincide ... 1 987 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 quarte...

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 5-1 988 197 0-1 988 197 5-1 988 1 98 0-1 988 1 98 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 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....

Ngày tải lên: 04/07/2014, 03:20

... cause of stock market trends on a day-to-day and minute-by-minute basis, and shows that what is often attributed to program trading is usually a manifestation of intermarket linkages at work. This ... 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 DIGEST, U.S...

Ngày tải lên: 04/07/2014, 03:20

... inflation.) : Figure 8. 1 shows the generally bullish trend from 1 985 through the end of 1 989 , with the downward interruption in all three markets in the fall of 1 987 . Figure 8. 2 FIGURE 8. 1 A COMPARISON ... AMERICAN STOCK MARKETS IN 1 988 AND EARLY 1 989 . AFTER CONSOLIDATING SIMULTANEOUSLY THROUGH THE SECOND HALF OF 1 988 , BOTH MARKETS RESUMED THEIR MAJOR BULL TRENDS AS 1 989 BEGA...

Ngày tải lên: 20/06/2014, 20:20

... COMMODI- TIES (ASSUMING A $100 INVESTMENT IN EACH CLASS DURING EACH TIME PERIOD) 196 0-1 988 196 5-1 988 197 0-1 988 197 5-1 988 1 98 0-1 988 1 98 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 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....

Ngày tải lên: 20/06/2014, 20:20

... be to summarize what intermarket analysis is and to show why this type of analysis represents a new and necessary direction in technical work. INTERMARKET TECHNICAL ANALYSIS- A MORE OUTWARD FOCUS As ... should be taken into consideration. • Technical analysis is the preferred vehicle for intermarket work. • Intermarket analysis adds a new dimension to technical anal...

Ngày tải lên: 20/06/2014, 20:20