EURYEN – A CLEAR INDICATOR FOR STOCKMARKETS DIRECTİON

THE EURYEN WEEKLY CHART HAS A STRONG MESSAGE

The 50 week Ma is about to cross the 200 week Ma as you can see on this chart that signal produced severe trends in the past 10 years and for many reasons we can take this as a strong signal stocks remain in big trouble. That is in timing terms not so efficient as it still can takes plenty weeks to get the trend going but it will happen. The EURYEN has to dive to 110 the least and against the Dollar at least 85 but as the yen is basically or fundamentally overvalued but as we still have to unwind some leverage the signal is clear that a major momentum is still rolling with big steam. This is a strong warning to fall for snake oil salesman bull camp this days. As all real bottoms happened around a 8 times trailing earnings level that is around 400- 500 SPX based on data we have now going forward that might even be lower. This little rally is for regular investors a good chance to lighten up on stocks if not get rid of all .

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~ by behindthematrix on January 7, 2009.

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