hey robb, i been thinking about the lagging banks again and have a new idea. the materials sector had their low in oct 08 but the indicies and banks had their low in mar 09. if we are in the double dip phase then have the materials had their low but banks still to have their low like mar 09.
between oct 08 and mar 09 was a currency war. have a look at the usdchf over the period. we are in a similiar currency war but not the same. last time it was the usd at total strength, this time total weakness. i will explore a few charts later on the topic, but wanted to throw it out there for other's thoughts.
on a related topic, the lagging of the audusd and audjpy ,back in 07, was the usdjpy being mis read. the usdjpy rallied at that point which was usd strength as it turned out. the audjpy followed it up and the audusd followed the uadjpy up. when the aud turns down in early 08 the usdjpy started it's run south. the yen got stronger than the usd and all three pairs went south. the aud finally turned north about a year later. the usdjpy is still heading south and testing the all time low of 1995.
ramblings but their might be something in it.
why here and not xjo, because as chartists we can explore the idea a see if it has merit.
