Tuesday, December 13, 2011 2:16:13 PM
The disconnect is showing up in other places as well Bob. I know you believe the FTSE is what our markets follow but I would argue the DAX has had the greater influence over the last six months but today is maybe the first day where the FTSE and the US markets have diverged from the DAX and you see it in the Dollar/Euro as well.
If you look at the Dollar we have clearly diverged from it or disconnected. The last time we were testing 80 on the Dollar the market was making the 1074 low on the SPX.
Here are both the SPX Daily chart and the US Dollar chart together.
If you look at the Dollar we have clearly diverged from it or disconnected. The last time we were testing 80 on the Dollar the market was making the 1074 low on the SPX.
Here are both the SPX Daily chart and the US Dollar chart together.
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