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Falling Equities Still Key for U.S. Dollar

It is nice to see that some people are beginning to see what is going on here. I wish the "regular press" got hold of it. People should not be giving thumbs down for speaking the truth about this market. you can still trade this stick saves. Each time there is a selling effort it removes people from the market and each selling effort is less successful.


On Jun 11 10:06 AM wpdragon wrote:

> Ashraf, while I agree with the premise of your article, you have
> left out the ONLY factor that matters as far as equities go, and
> by extension your argument for the direction of the dollar.
>
> That factor is J P Morgan. They have gunned the E-mini's virtually
> every single time US equities have started to back off the "rally"
> engineered by the FED and Treasury over the past 30-45 days. They
> have been a permanent prop under the stock market during that timeframe,
> and they have billions and billions of government $$ to inject anytime
> prices start to weaken. Most of the late day "miracle rallies" have
> been due to nothing more than JPM engineering, and NOBODY stays short
> going into the last hour anymore, they just sit back and place side
> bets on what exact minute the buy programs are going to roll in.
> And roll in they always do... most recently at 3:20 eastern.
>
> Volume, internals, technicals, fundamentals all look and smell like
> yesterday's breakfast. But you know what? That doesn't matter one
> iota.
>
> Tell me how long JPM works as a proxy for the US government to keep
> this market artificially propped up and I will not need stochastics
> or any other oscillator to tell you what the stock and USD markets
> will do.
>
> Right now they OWN this thing, lock stock and barrel and until (IF!)
> that changes its more of the same.