Heres your Dollar index chart. Click on the one month chart. It has room to move down.
This is true. I am actually looking at the one month chart. I am also correlating the $Index with what InTheMoneyStocks is showing and saying.
Well Guy's & Gals,
I thought I would throw in my two cents.
If we close lower today then it will be a confirmation that the market's are going lower. Now we may get a bounce tomorrow and the next day after but that imo will be it and the markets will resume there downward trend. Its a tough call right now with the Dow down currently -18.
If I knew the market's would end positive today I would move all in but it is to risky to do imo. Also like I said before if we close negative today look for a bounce tomorrow but it will be a small bounce (probably 10 S&P points) which I'm not going to use up an IFT for that.
If we do close negative today and we get the bounce tomorrow expect us to go quite abit lower. I'm talking S&P 1255.
Watch the $Index. This is a very telling index right now.
Dollar Up = Market's Down
Dollar Down = Market's Up
These are just my thoughts and opinions.
All in All I Don't think it's time to be in Equities.
Right now it look's like the Dow is trying to put a Full Court Press on the $Index but the $Index is just saying the Hell with you Dow and pushing Higher.
If the $Index remains as strong as it is right now the Dow will Cave In.
OK, Now it is 11:53am est. and this is where I think somtimes the stock market likes to make the goverment funds (i.e. TSP Folks) think there is going to be a turn around for the day (i.e. Market's go from negative to positive). They are trying to suck in as many people as possible before the 12:00 noon cutoff time.
Somtimes the markets do go from negative to positive for the day but my gut is telling me this is going to be a fake-out and after the 12:00 noon cut-off the Market's will head South.
All In my Oppionion! :suspicious: