Right now I am seeing USD index zoomed to 78.40. This kind of move has created havoc in all assett classes from gold (-27$) & all metals & equities all across.
But, should it not close above 78.5 ( 81 is 200dma resistance ) odds then another leg of fall may take place in the USD index.
And this will bring final leg of euphoric moves all across.
right now
Dow -180 > 10544
crude -1.66>77.66
Nasdaq -44>2278
S&P 500 -18>1132
VIX +10%
Lets wait and watch.
As of now , this seems to be a routine churning and everything will be fine for a while, if above conditions are met.
20 jan 2010 11 pm ist.
