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Market up Tuesday (turn around tuesday)?

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posted on Mar, 30 2009 @ 09:45 PM
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i've never been a big chart guy....but one exception i have is with something called the Euro:yen cross....one of the leading indicators of RISK (stocks are assoicated with risk) is the EURO: YEN cross

watching this currency graph shows that when the yen strengthens vs. eruo.... risk is generally being avoided and stock market's see selling.....(sometimes violent selling)

and late today the YEN started to fall pretty significantly...pushing the Euro:YEN cross up a bit .........this should co-incide with a rally in Asia (check) then (europe)....then the Usa (unless the yen strengthens later today) ....on whatever news...intervention...currency trends...etc

thoughts?

[edit on 30-3-2009 by cpdaman]




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