Friday, August 28, 2009

EUR


With these charts I am going into next week. The SP500 is almost a mirror image of the Bloomberg $index. Very important chart therefore. Also the oil and $index from Grega Horvat are included. The GBP is a weak currency and you want to see the weakest currency vs. the strongest currency and arguably the dollar is strong although Yen is very strong as well, but GBPYen is harder to count. All charts show a correctional phase and more potential for upside. I am watching breaks of key levels such as the top/bottom of channels.

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