Riser asked on my blog on Friday,
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Riser asked on my blog on Friday,
So Thursday was not only day one of the new daily cycle, but very likely the intermediate cycle, as well.
If we accept the assumption the USD and equities are inversely correlated, we should anticipate equities to decline for the next 12-22 trading days, correct?
Also, in reading your blog I get the impression you are anticipating (though maybe not predicting) a broad dollar rally since it appears there is some evidence pointing to a larger cycle degree low in the USD. Am I interpreting this correctly? If so, do you have a personal bias give your "feel" for how cycles unfold? Would you say it's likely the dollar rallies at a larger cycle degree in 2012 or would you expect it to sell off?
feel like when volume picks up there will be a selloff?