Tuesday, September 15, 2009

Stock Market Update - September 15, 2009

The hourly chart is overbought and money flow is headed back down in the cycle.

On the daily chart for the Dow all indicators have topped except money flow which is heading up for a top. Today we had cash inflow into the broader market and a up volume day of around 58% ... but all this is meaningless because of the following chart.

The Dollar ... its going to come down to this ... what is the dollar going to do ... the more it goes down ... the more equities and commodities are going to move sideways or move up in value.

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