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1. I notice over the past week or two, that equities (SP500) have been
trading in synch with the US Dollar Dec contract (DX99Z). Today there is a
disconnect,...the DXZ is down 0.20 to 9.02, yet the S&P500 is up 2% or so.
This slight decline in the US Dollar futures despite a very strong day in
Bonds as well. Would Dollar weakness here weigh on equites over the next few
days?
2. A daily chart of the Dow-30 <A
HREF="http://decisionpoint.com/DailyCharts/DOW.html";>Decision Point (tm):
Daily Dow Jones Industrial Average Chart</A> or....
http://decisionpoint.com/DailyCharts/DOW.html
depicts overhead resistance (teh red line connecting previous lows) around
10700 where we are currently (stalling?). Although this pattern does not
exist on the Daily SP500 chart,...will this resistance point mark a turn
lower?
Any thoughts appreciated,....Jim Pilliod jpilleafe@xxxxxxx
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