RSI7 Stock Alert Blog » stock chart http://rsi7.com Get daily, weekly, monthly RSI7 Alert Sat, 11 Feb 2012 00:30:19 +0000 http://wordpress.org/?v=2.8 en hourly 1 Dollar is down, market is up http://rsi7.com/2009/10/10/dollar-is-down-market-is-up/ http://rsi7.com/2009/10/10/dollar-is-down-market-is-up/#comments Sat, 10 Oct 2009 04:58:09 +0000 HanaDaddy http://rsi7.com/?p=1033 Recent hike in the stock market lasted several weeks convinced me to stay in the market for awhile longer. Many professional stock blogers mentioned that there is a high possibility of bear market coming soon, so I was thinking of selling what I have now, but could not sell the stocks.

Now the market is about to hit the 10,000 Dow point. And I am somewhat glad that I stayed in even though I haven’t benefited much since most of the investment was bought before the great stock market fall in the last October.

I read today from caracommunity.com that when Dollar is down, market is up. And when the Dollar is up , the market is down. And he provided this link to stockchart.com (http://stockcharts.com/charts/performance/perf.html?$DJW,$USD)

trend

The graphs in fact shows the opposite trend between Dollar and stocks. If so, we can predict the market’s future using the Dollar’s pricing trend. But then how do I know where the Dollar will move to , up or down?

Mr. Bill Cara’s speculation is that the Dallar will eventually turn to upside trend and then there will be bears roaming again.

Next week , there will be lots of corporate earning reports for 3rd quarter. And it is expected that many will be positive reports.

Have a great weekend.

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