Dear Readers, in continuation of yesterdays question, please See the pressure charts for today. Our feeling of what they would like was very nearly perfect yesterday. So, what can we add... Not a lot. For a market to be a really a good buy opportunity it must create the buyPressure and to do so it must sell off... Period. Anything else is just more sucking of bozos going on. In accordance to our near term bullishness on Stocks into Later April at least, we think that Energy+EnergyStocks will participate some way into that Metals perhaps the same, but I am nervous about the possible drop of all of these if Inflation numbers do not come out supporting the inflation assets ( GOLD/ENERGY), so watch PPI carefully today. Currencies, what can we say, should we repeat... $dollar down into May, but watch the DOLLARBEAR it is waking up and once fully awake she will become a DOLLARBULL. Yes my friends for a while the sun will shine on $Dollar beginning May 2007 into Sep 2007. Interest rates have been rising lately and favorable PPI numbers could temporarily stop that process, as well, as exacerbate the $Dollar decline. All EYES on PPI today. Good Trading
2 comments:
Hi Boris
2 questions:
1. Do you follow QID(nasdaq short) and if so, what is your take on it?
Performance/chart wise
2. While you see the final dollar stand from May to Oct, will that prove to be short term negative for Gold? .. does that mean we may get a short term blow off on Gold from now till the end of May while the dollar completes its double bottom?
Dear Gol4, QID is the same outlook as stocks, so just reread the post(s) please. Gold... Initial decline in $Dollar will be bad for GOLD therefore not so good into June for GOLD, but after June GOLD and DOllar hand in hand up into Sep and GOld Furhter out. Good Trading
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