The Coming Currency Crisis

Jeffrey Cooper  Jun 10, 2009 10:35 am

The Coming Currency Crisis
 
Can the US dollar dominate any currency arrangement today?
 

Conclusion: Often times, markets turn on the seventh bar. The S&P shows a line formation of 6 days, with Wednesday being the seventh day since the big June 1 "breakout."

In addition, yesterday was an N/R 7 Volatility day -- the narrowest range in 7 days, which implies an expansion in volatility over the next few sessions. The key is whether options expiration on June 19 is bullish or bearish.



If it's bullish, the arbs usually set a Misdirection Day on the Thursday the week before expiration. In other words, if expiration is bullish, the Thursday the week before spikes down, and vice versa.

With an important Fed meeting coming up on June 22-23, options expiration, quarter's end, and culmination of the 90-day window when institutions can sell with less adverse tax consequences, it looks like anything but a swing into summer doldrums just yet.


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Comments (9) See All Comments »
06-10-2009, 9:55 pm
Armies travel on their stomachs. Our army's stomachs are filled with petroleum-derived MRE's made from genetically modified corn, grown with petroleum and NG-derived pesticides and fertilizers.

As the dollar tanks, it will be
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06-11-2009, 12:54 am
Agreed,

Food is the ultimate currency.

Petroleum and the petrochemical industry and machinery is the only thing that has allowed us the luxury of not tilling the fields with oxen and horses and being able to debate in an onl
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06-11-2009, 8:18 am
"The reality of physical limitation to progress will result in war.
Those who control the resources and the media control the present and history.
This is why we must have a presence in the Middle East and start to drill and build n
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06-11-2009, 10:59 am
"If it's bullish, the arbs usually set a Misdirection Day on the Thursday the week before expiration. In other words, if expiration is bullish, the Thursday the week before spikes down, and vice versa."

I would be very
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06-11-2009, 1:22 pm

I think we agree on this Dan, just from different perspectives.

I would prefer to go back to rotary phones, typewriters, and more people working the land and living in communities and stepping back the insanity of consumption for
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