Monday, March 15, 2010 1:00:09 PM
Re: PBEGF, USD, EUR:
(From PM messaging)
Hi, XXX!
PBEGF was not an active chart in the charting engine I regularly use (stockcharts.com). I have requested it to be listed there. I received a confirmation that it may be listed on stockcharts.com anytime: "Your symbol request for [PBEGF] has been submitted to the StockCharts.com Support team. We will email you once it has been added to StockCharts.com."
Regarding your specific request about the US Dollar, I continue to believe that the EUR:USD chart is trading within the confines of a bearish channel, and that the recent high corresponds to an even longer term downtrend line which originated from this past winter HIGH. The XEU vs. USD chart below approximate that graphic representation, in lieu of the actual EUR:USD chart on my oanda forex account 9which I remain inept at transposing into this text format).
Looking at the single currency itself, the USD chart below does indicate a sustained bullish channel, with recent LOW corresponding to a validation of that channel (see: $USD - 12-Month, DAILY Chart below).
Seeking fine-tuning among bulls and bears, a relative strength chart of UUP against UDN happens to indicate a similar technical development, whereby the recent LOW defines a bullish bias within that rising channel.
In fact, considering the UUP chart alone, the recent LOW merely validated the daily 200-EMA as a strong technical support without losing completely the bullish spread between the 9 and 21-daily EMA trendlines. This speaks favorably for this PowerShares Bull Fund. Additionally, the OBV line made a higher low, against the A/D and ChiOsc lines, each testing their respective historical bottom.
OVERALL:
I believe that the recent LOW did dilute most of the market sellers and carved out more room overhead for an upside move going forwards, IMHO.
XEU vs. USD - DAILY Chart:
$USD - 12-Month, DAILY Chart:
UUP vs. UDN - DAILY Chart:
- Dalcindo
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Message in reply to:
Thanks Dalcindo for the information you provided this week.....Could I get a chart and your thoughts about PBEGF?.....I have owned this stock for about 5 years and its been a winner....Lately, I have started to think about selling some for diversification.....Timing will obviously be important so, I would appreciate any of your tips........Are you as concerned about inflation as I am? , and a falling dollar?...I have been thinking about UDN and your chart & input is appreciated....Hope all is well.
----------------------------------------------------------------
- Dalcindo
(From PM messaging)
Hi, XXX!
PBEGF was not an active chart in the charting engine I regularly use (stockcharts.com). I have requested it to be listed there. I received a confirmation that it may be listed on stockcharts.com anytime: "Your symbol request for [PBEGF] has been submitted to the StockCharts.com Support team. We will email you once it has been added to StockCharts.com."
Regarding your specific request about the US Dollar, I continue to believe that the EUR:USD chart is trading within the confines of a bearish channel, and that the recent high corresponds to an even longer term downtrend line which originated from this past winter HIGH. The XEU vs. USD chart below approximate that graphic representation, in lieu of the actual EUR:USD chart on my oanda forex account 9which I remain inept at transposing into this text format).
Looking at the single currency itself, the USD chart below does indicate a sustained bullish channel, with recent LOW corresponding to a validation of that channel (see: $USD - 12-Month, DAILY Chart below).
Seeking fine-tuning among bulls and bears, a relative strength chart of UUP against UDN happens to indicate a similar technical development, whereby the recent LOW defines a bullish bias within that rising channel.
In fact, considering the UUP chart alone, the recent LOW merely validated the daily 200-EMA as a strong technical support without losing completely the bullish spread between the 9 and 21-daily EMA trendlines. This speaks favorably for this PowerShares Bull Fund. Additionally, the OBV line made a higher low, against the A/D and ChiOsc lines, each testing their respective historical bottom.
OVERALL:
I believe that the recent LOW did dilute most of the market sellers and carved out more room overhead for an upside move going forwards, IMHO.
XEU vs. USD - DAILY Chart:
$USD - 12-Month, DAILY Chart:
UUP vs. UDN - DAILY Chart:
- Dalcindo
----------------------------------------------------------------
Message in reply to:
Thanks Dalcindo for the information you provided this week.....Could I get a chart and your thoughts about PBEGF?.....I have owned this stock for about 5 years and its been a winner....Lately, I have started to think about selling some for diversification.....Timing will obviously be important so, I would appreciate any of your tips........Are you as concerned about inflation as I am? , and a falling dollar?...I have been thinking about UDN and your chart & input is appreciated....Hope all is well.
----------------------------------------------------------------
- Dalcindo
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