Created on: 11/9/2012 9:41:45 PM Last Update: 11/9/2012 9:41:55 PM Posted by: RTT
WARNING: This entry is 1486 days old. It may contain broken links, out-dated or misleading content. Please read on with caution.
US dollar crash, eeh when? (381)
Many have forecast the crash of the US dollar. But when ?
Post US elections the expectations of Obama 2nd term
- Reduce the US Deficit
- Raise taxes (Fiscal Cliff or otherwise)
- Spain and Greece both requite more printing of Euros to survive
- Germany near recession
All of the above is bullish for the US dollar and if any of these trends accelerate the US dollar will rally hard as many are very short the US Dollar.
The dominate cycle for 2013 is very bullish. Even Ben Bernanke QE to infinity has not crushed the US dollar bullish stance. Now that's saying something!
Of course a huge percentage of SP500 sales revenue is US dollar effected, US dollar risings, US corporate sales fall. Plus the USD as a carry trade to finance the purchase of risk assets reverses. Ouch !
A trend to watch in 2013 is strength in the US dollar.
Click for popup. Clear your browser cache if image is not showing.
NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net
.."Tape reading is rapid-fire horse sense...The Tape Reader aims to make deductions from each succeeding transaction -- every shift of the market kaleidoscope; to grasp a new situation, force it lightning-like through the weighing machine of the brain and to reach a decision which will be acted upon with coolness and precision"..
Richard D Wyckoff
.."If past history was all there was to the game, the richest people would be librarians"..
.."The key to making money in stocks is not to get scared out of them"
In the short run, the market is a voting machine, but in the long run it is a weighing machine.
.."Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected"..
We at readtheticker.com hold the view that a mix of stock chart technical analysis, Richard Wyckoff, William Gann and Jim Hurst methods plus market fundamentals allows the investor to formulate a very sound market opinion. These attributes are mutually inclusive and must be weighted equally before investing or trading in any Stock, ETF, Currency, Bond, Commodity, CFD or Mutual Fund