The Market has gotten a bit Fanciful - Seems we are on Rocket Ride into Space!
Interesting Chart Comparing the Euro/Dollar relationship to the US Stock Market Index. Very similar pattern. Almost carbon copies of one another. "Follow the Money."
20 Day, 2 Hour - July 24 - Longer Term is the only way to maintain a perspective on the market. Trends are important to the Trader and Investor alike. This is the Tenth day of a Bull Potato and there has been little sign of a slowdown which seems eminent on a daily basis.
3 Month, Daily - Bull Trend has broken significant Resistance. It would appear we are headed into higher territory. At the same time the market is very overbought and long overdue for a correction to the downside. The Bulls have yet to be tamed.
.jpg){kind=small}
