wiley intermarket technical analysis trading strategies for the global stock, bond, commodity, and curre~0

... 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 ... of the chart shows the CRB Index during the same period of time. The arrows on the chart show how the peaks in the bond market correspond with troughs in the C...

Ngày tải lên: 20/06/2014, 20:20

... 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 stock market are influenced ... in the summer of 1986, whereas the Foodstuffs didn't bottom out until the first quarter of 1987. The Foodstuffs, on the other hand, peaked in mid-1988 and dropped...

Ngày tải lên: 20/06/2014, 20:20

... Futures Index The moral seems to be this: For longer-range intermarket analysis, the CRB Index is superior to either the metals or oil. However, there are short periods when either of these two markets, ... program trading caused the U.S. selloff, how do we explain the collapse in the other world THE GLOBAL COLLAPSE OF 1987 125 FIGURE 8.3 AT THE 1987 PEAK, THE BRITISH...

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 in the CRB Index. The relationship between the dollar and the gold market is very important in fore- casting the trend of the general commodity price level,...

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 ... direction and sometimes in the same direction. The trick is in understanding the lead and lag times that usually occur and also the sequence of events that affect...

Ngày tải lên: 20/06/2014, 23:20

... FOREIGN BOND MARKETS. U.S. versus British Bonds GLOBAL BONDS AND GLOBAL INFLATION Figure 8.20 shows the interplay between U.S. and Japanese bond prices (two charts on the left) and the U.S. and ... 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 (1977 and THE CRB INDEX VERSUS THE PPI AND...

Ngày tải lên: 20/06/2014, 23:20

... such as gold and oil. The study of gold and oil leads us to the next stop on the intermarket journey, and that is the study of industry groups. Two global themes that were seen as the 1980s ended ... During 1986 and 1987, the S&L group was caught in between the upward pull of rising stock prices and the downward pull of a falling bond market. By the time the...

Ngày tải lên: 20/06/2014, 23:20

... later the broader stock market followed bonds and the utilities lower. The key to understanding the relationship between the Dow Utilities and the Dow Industrials lies in the recognition of the ... (energy and precious metals) and the weakest group (the grains). Each Figure shows the actual commodity group index in the upper chart and the relative ratio line...

Ngày tải lên: 20/06/2014, 23:20

... 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 ... dollar. The entire decade saw the U.S. currency on the defensive. THE DOLLAR VERSUS THE CRB INDEX 61 FIGURE 5.5 THE U.S. DOLLAR VERSUS THE CRB INDEX DURING 1988 A...

Ngày tải lên: 21/06/2014, 07:20

... turns in the CPI Index (1977 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) AND THE PRODUCER ... of change for the CPI and the PPI against cash values of the CRB Index also reveals a close visual correlation (see Figures 7.17 and 7.18). The PPI is mo...

Ngày tải lên: 21/06/2014, 07:20

... such as gold and oil. The study of gold and oil leads us to the next stop on the intermarket journey, and that is the study of industry groups. Two global themes that were seen as the 1980s ended ... in the S&Ls in 1986 coincides with the middle trough (the head) in the CRB Index. The third trough (the "right shoulder") in the CRB Index in the spr...

Ngày tải lên: 21/06/2014, 07:20

... later the broader stock market followed bonds and the utilities lower. The key to understanding the relationship between the Dow Utilities and the Dow Industrials lies in the recognition of the ... (energy and precious metals) and the weakest group (the grains). Each Figure shows the actual commodity group index in the upper chart and the relative ratio line...

Ngày tải lên: 21/06/2014, 07:20

... to the day's lowest price (the range). A tic to the left of the bar marks the opening price, whereas a tic to the right of the bar marks the closing price. Bar charts can be constructed for ... before resuming the original trend. The best known example is the 50 GLOSSARY then close below the previous day's closing price. In a downtrend, prices open lower an...

Ngày tải lên: 21/06/2014, 07:20

... For More Information Please Visit : INTERMARKET TECHNICAL ANALYSIS TRADING STRATEGIES FOR THE GLOBAL STOCK, BOND, COMMODITY AND CURRENCY MARKETS John J. Murphy Wiley Finance Editions JOHN WILEY ... Association and a Committee of Publishers. Library of Congress Cataloging-in-Publication Data Murphy, John J. Intermarket technical analysis: trading strategie...

Ngày tải lên: 04/11/2014, 16:55