tuesday 30 day rally ending or extend to 60, page-5

some boring and some volatile markets out there.

the surprise yesterday was was the instant weakness
of the usd. it took a couple of hours to sink in
across the forex pairs but once it did it never looked back.

normally a rising eur signals potential for a rally
in equities. last night the dax opened 150 points down.
and responded to eur strength with weakness. how it should
be but this is not often the case with the dax.

the official reason for the drop in the dax seems to be
that the auto makers will be hit by the rise in rates
in China.

the drop in the dax was treated as nothing in the currency
markets which surprised me.

during this period of light volume i have seen a few
strange things in the charts. so trade what you see.

a chart to sort of explain what i am talking about.