The dollar tells us that today's stock market drop is all one big shakeout

The dollar tells us that today's stock market drop is all one big shakeout

This drop in the stock market is all ONE BIG FAKEOUT!! The dollar is tanking along with equities! This has the words FAKEOUT written all over it. I predict that SPY will bounce hard at 117. If this were a true selloff you would see a reversal in the dollar: investors fleeing the risk of the stock market for the safety in the dollar. This drop is related to the fact that quarterly options expiration was yesterday, I will explain more about this later.

LOADING
(optional)
(optional)
Copyright 2009. All Rights Reserved.   Site Map
Disclaimer: All content on spychart.net is intended for recreational purposes only. Consult a licensed financial planner before making any decisions with financial ramifications. The author is not liable for any financial, mental, physical, or spiritual loss or damage incurred by the reader.