That's ok the market isn't moving much. Until tomorrow.
I'm watching your charts, thanks for posting the price action!
But how the market is turning a blind eye to all the geo-political events in the world, when just 6 months ago, news from China and Greece would tank the market to the tune of ~1-2% in a heartbeat, is truly remarkable.
I've given this some thought,
for now, I think the markets have priced in their concern based on the potential impact to the U.S. Markets. These problems are Europe's for the most part, Russia's objective of preventing the EU from getting a foothold, is a success.
What do you think will be the impact of the news I heard an hour ago on CNBC. Add this to the imponderables .... Allegedly, Putin is asking his parliament to repeal previous actions on Ukraine!!??
Stephen Blank Called It in 2008
Hey JTH, hope you don't mind the intrusion, but I thought I'd share this EFA chart.
No, I don't mind at all, that's a pretty chart, I'm wondering if you are using log-scaling, I know it's a funny question to ask, but when I put your chart side-by-side with mine, something seems off and I couldn't pinpoint it (perhaps it's the taco I ate.) I don't tend to spout much of my incites on the I-Fund because it's difficult enough just to track the American indexes. Here are some observations I made over the weekend.
1) On Thursday, EFA both opened and closed above the upper Bollinger Band, since this event, this ETF has out in 3 lower highs & lows with downward momentum escalating.
2) On Thursday, I had a buy signal trigger on the dollar while at the same time a sell signal triggering on gold.
3) As a side note, I have some mixed data on the internals for EFA, this is something I don't see very often, so I'm not sure how to properly process it.
4) Long story short, for both EFA and the Dollar, a line in the sand has been drawn at these levels. IMHO, if they can't hold their ground, then I see potential for a strong downslide in the I-Fund.
Hope this helps...Jason
That's sort of like knowing you can have a booty call at 2 o'clock in the morning but you really don't like the girl. There's nothing worse then that feeling you get when you've waken up in the morning, the beer has worn off and you're trying to slip out of bed and put your clothes back on before she wakes up and wants to have breakfast with you...
