Intermarket Technical Analysis Trading Strategies for the Global 7 pptx

Intermarket Technical Analysis Trading Strategies for the Global_1 potx

... relationships into consideration. Intermarket technical analysis refers to the application of technical analysis to these intermarket linkages. The idea behind intermarket analysis seems so obvious that ... only the market or markets we're trading. Intermarket analysis represents an evolutionary step in technical analysis. Intermarket work builds on existing technical theory and adds another ... 20613 Intermarket Analysis and the Business Cycle 22514 The Myth of Program Trading 24015 A New Direction 253Appendix 259Glossary 273 Index 277 III8 A NEW DIMENSION IN TECHNICAL ANALYSIS Since...

Intermarket Technical Analysis Trading Strategies for the Global_3 pptx

... by the trend of the U.S. dollar. Therefore,we begin our intermarket analysis with the dollar. The path to take is from the dollarto the commodity markets, then from the commodity markets to the ... higher. The rise in the dollar at the beginningof 1988 followed the rise in the CRB Index and interest rates that began in the springof 19 87. Are commodity trends the cause or the effect, then, ... bottomand the 19 87 top. (Gold also led the downturn in the CRB Index in 1980.) The 1985bottom in gold was more than a year ahead of the 1986 bottom in the CRB Index. The December 19 87 peak in the...

Intermarket Technical Analysis Trading Strategies for the Global_4 ppt

... in the summer of 1986, whereas the Foodstuffs didn't bottom out until the first quarter of 19 87. The Foodstuffs, on the other hand, peaked in mid-1988 anddropped sharply for a year. The ... spring of1989, which was the beginning of the end for the bull run in the dollar. THE DOLLAR VERSUS THE STOCK MARKETIt stands to reason since both the dollar and the stock market are influenced ... rising for several months,pulling the dollar higher. Over the summer both the dollar and stocks began to weaken THE DOLLAR VERSUS THE STOCK MARKET 87 FIGURE 6.11 THE U.S. DOLLAR VERSUS THE DOW...

Intermarket Technical Analysis Trading Strategies for the Global_5 docx

... out of the six with an average lead time of eightmonths. The two times when the CRB Index lagged turns in the CPI Index (1 977 and THE CRB INDEX VERSUS THE PPI AND THE CPI 119FIGURE 7. 17 THE CRB ... (see Figures 7. 17 and 7. 18). The PPI is more volatile than the CPI andis the more sensitive of the two. The CRB, representing prices at the earliest stageof production, tracks the PPI more ... Sinceeach of the four financial sectors is tied to the other three, a complete technical analysis of any one sector should include analysis of the other three. The goal isto consider the broader...

Intermarket Technical Analysis Trading Strategies for the Global_6 pdf

... trough (the head) in the CRB Index. The third trough (the "right shoulder") in the CRB Index in the spring of 19 87 coincideswith the middle peak (the head) in the S&Ls. The "right ... WITH THE CRB INDEX FROM1985 TO 1990. THE 19 87 TOP IN THE S&Ls MIRRORED A SIMILAR BOTTOM IN THE CRB INDEX. THE MID-1988 PEAK IN THE CRB HELPED LAUNCH THE S&L RALLY. THE ... interest-sensitive sector before it hit the general market. The bond market therefore became a leading indicator for the interest-sensitive stockswhich, in turn, became a leading indicator for the stock market...

Intermarket Technical Analysis Trading Strategies for the Global_7 pptx

... in the CRB Index. The final top in the Dow Utilities and the final peak in the bonds in early19 87 coincided with a trough in the CRB Index. The breakdown in the two financialmarkets in the ... such things as the trend of the dollar and commodity prices. For these reasons, the Dow Utilities are a part of the intermarket picture.DOW UTILITIES VERSUS THE DOW INDUSTRIALSBefore looking ... in the broader market. The 19 87 peaks provide an excellent example of that interplay. The Dow Jones Utility Averagehas become a part of the intermarket analysis and takes its place in the analysis...

Intermarket Technical Analysis Trading Strategies for the Global_8 docx

... were the best overall performer(1428.41) whereas the CRB Index came in second (1 175 .26). In the two periods be-ginning in 1965 and 1 970 to 1988, the CRB Index was the best performer ( 974 .70 and ... line, the economy has slipped into recession. The arrows represent the direction of the three financial markets-B for bonds, S for stocks, and C for commodities. The diagram shows that as the expansion ... first wasin the period from the summer of 19 87 to the summer of 1988. Not surprisingly,this period encompassed the stock market crash in the second half of 19 87 and the FIGURE 12.4 THE CRB INDEX...

Intermarket Technical Analysis Trading Strategies for the Global_9 docx

... 252 THE MYTH OF PROGRAM TRADING FIGURE 14.8 THE FOUR SECTORS OF THE AMERICAN MARKETS DURING 19 87. THE INTERMARKET PICTUREGOING INTO THE SECOND HALF OF 19 87 WAS BEARISH FOR EQUITIES-A ... arbitragedidn't exist in these other markets. How then do we explain their collapse? If indexarbitrage caused the collapse in New York, what caused the collapse in the othermarkets around the globe?A ... gratifying, for example, to see how well the marketsfollowed the intermarket script even during the hectic days of the Mideast crisisthat gripped the global financial markets during the summer...

Trading Strategies for the Global Stock, Bond, Commodity, and Currency Markets_3 doc

... by the trend of the U.S. dollar. Therefore,we begin our intermarket analysis with the dollar. The path to take is from the dollarto the commodity markets, then from the commodity markets to the ... bottomand the 19 87 top. (Gold also led the downturn in the CRB Index in 1980.) The 1985bottom in gold was more than a year ahead of the 1986 bottom in the CRB Index. The December 19 87 peak in the ... higher. The rise in the dollar at the beginningof 1988 followed the rise in the CRB Index and interest rates that began in the springof 19 87. Are commodity trends the cause or the effect, then,...

Trading Strategies for the Global Stock, Bond, Commodity, and Currency Markets_4 pdf

... the dollar and Treasury billfutures. Figure 6.10 shows the sharp rally in T-bill prices that began in the spring of1989, which was the beginning of the end for the bull run in the dollar. THE ... rising for several months,pulling the dollar higher. Over the summer both the dollar and stocks began to weaken THE DOLLAR VERSUS THE STOCK MARKET 87 FIGURE 6.11 THE U.S. DOLLAR VERSUS THE DOW ... in the summer of 1986, whereas the Foodstuffs didn't bottom out until the first quarter of 19 87. The Foodstuffs, on the other hand, peaked in mid-1988 anddropped sharply for a year. The...

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