Hey folk
For the situation since the crisis of 2007 -08, the USD goes down the stock market goes up. The recent drop is because the USD went higher. USD have formed a inverse H&S which signal a upmove, so i expect there are more upmove to come in USD. However this will let the stock market go lower.
These would not carry on for long as the US govt knows that they are not ready for a stronger USD yet. They still need foreign investors buying the stocks. In the event when the USD really goes up is when the US govt decide to raise interest rate. These show economy recovery and progressing.
Like I say,fundamental always come out on the chart first. The market place will leadthe economy by about 6 months. Which mean to say the USD is positioning itself for a rate hike in the near future. When these things happen, I expect the market to pull back first and then move very strongly upwards. Bcos investor would say oooh no stronger USD mean not a good exchange rate and they will think for awhile and say
rate hike = stronger USD = economy good.
Again i say for S&P 500 it will end 1630-40s end of the year
STI, is the hardest to analysis, but after a few days of serious charting, i get a rough number of 3800s to even 4000 by end of the year.
GOLD will move higher to 1820s
HSI to about 27000s to even 28000
So do not fall in love with the downside. I have not issue any call for buy anyway. I miss Genting buying price at 2.12 and i dint chase it.
Nth is 100%
