Replies to post #41863 on Short Term Trading Member Forum

[JLS]

The US Dollar Index is very important

in this current market because the cheap dollar makes it inexpensive for foreign investors to buy US stocks -- as the dollar goes up, they will not buy, thus causing the US stock market to go down.

In addition to that, if the dollar continues to go up, those US companies which have products with strong foreign demand will likely experience weakness in future sales (thus hurting future profits) as foreigners revert to holding back purchases of US goods until the dollar returns to its longer term trend which is downward.

[DowDeva]

JLS,

Thank you for a very precise and specific post on markers to watch for.

I don't follow $NASI much as I don't play tech stochs right now. But my mentor ALWAYS included it in his end of days studies and I think I should too.

Question: on your CCI drop, is that on the daily?

The reason I hypothesize a bounce is that this is the window for the Hurst 5 week low just before the 40 week low in end of November/beginning to middle of December. Based on that and the current oversold levels I think we may get a decent rally.

Nice to meet you.

~D