The First Cracks In The Dam

Posted: October 23rd, 2010 under Commodities, Forex, Misc/Admin, Stocks.
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The first cracks in the dam may be appearing in the form of the October 15th low in the US Dollar which shows the weakness that has buoyed US Dollar denominated asset prices may be over. We have tops – at least for now – in the most speculative areas, gold and silver and also AAPL Apple Computer in the stock market. If the dollar continues its rally, the major indices may last through the election before following suit.

I recommend clicking on each chart to see the enlarged version as browsers tend to do awful things to shrunken images, such as remove price bars entirely.

UUP – US Dollar

Spiral Calendar Turn Dates Chart For UUP - US Dollar for October 22nd, 2010

Spiral Calendar Turn Dates Chart For UUP – US Dollar for October 22nd, 2010 – click to enlarge

Gold – GLD

Spiral Calendar Turn Dates Chart For Gold (GLD) for October 22nd, 2010

Spiral Calendar Turn Dates Chart For Gold (GLD) for October 22nd, 2010 – click to enlarge

Apple Computer AAPL

Spiral Calendar Turn Dates Chart For Apple Computer AAPL for October 22nd, 2010

Spiral Calendar Turn Dates Chart For Apple Computer AAPL for October 22nd, 2010 – click to enlarge

Dow

Spiral Calendar Turn Dates Chart For DJIA for October 22nd, 2010

Spiral Calendar Turn Dates Chart For Dow Jones Industrial Average for October 22nd, 2010 – click to enlarge

S&P 500

Spiral Calendar Turn Dates Chart For S&P 500 for October 22nd, 2010

Spiral Calendar Turn Dates Chart For S&P 500 for October 22nd, 2010 – click to enlarge

Nasdaq-100

Spiral Calendar Turn Dates Chart For Nasdaq-100 for October 22nd, 2010

Spiral Calendar Turn Dates Chart For Nasdaq-100 for October 22nd, 2010 – click to enlarge

New visitors: please see this post for a brief explanation of the spiral calendar.

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