Jump to content

"Could it be different this time?"


Guest

Recommended Posts

  • Replies 450
  • Created
  • Last Reply

Humm -- after taking a beating yesterday, people lining up to buy AXP today. Pre-approved cards and $10,000 credit limits for all Iraqis with a government guarantee? Plasma screens and La-z-boys for everyone. B)

Link to comment
Share on other sites

Interesting note.

 

Since topping at 94 on 11/7, the US Peso has dropped 3% to 90.6

 

The SP, at 1062 on 11/7, has dropped almost 2% to 1043

 

As the SP has DECLINED vs. the euro over the past year (Euro up 43% off of low, SP up 35%), this is a rather interesting widening of the divergence that could become more pronounced IF the US Peso ever bounces.

 

Currently, the SP/Euro ratio is at 8.7

 

This ratio is breaking out of a bear flag, with a target near 6.6, which is also a fib confluence zone.

 

Perhaps someone could post a chart of the weekly $spx/$xeu ratio.

Link to comment
Share on other sites

Archived

This topic is now archived and is closed to further replies.

  • Tell a friend

    Love Stool Pigeons Wire Message Board? Tell a friend!
  • Recently Browsing   0 members

    • No registered users viewing this page.
  • ×
    • Create New...