Tuesday January 3, 2006 - 11:31:55 GMT
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Black Swan Capital - www.blackswantrading.com
SPU and $ Index together?
“In the labyrinthine world of the stock market, no one can really understand all of its murky dynamics.”
Will a correction in stocks, if we get it, and a correction in the dollar flow from the same dynamic--money flow?
It seems the budding recovery in Europe, and somewhat beyond budding recovery in Japan, is gathering global admirers and could siphon off some funds otherwise headed to Uncle Sam. We think a correction in US stocks might add to that dynamic. Our guess is for correction, as an S&P P/E of around19 with the economy rolling over a bit seems enough cause.
US $ Index vs. S&P 500 Daily:
And a look at a potential corrective count for the US $ Index daily:
Black Swan Capital
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