If you look at Ron Walkers charts here http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID1926808&cmd=show[s186273199]&disp=O
He is looks at the chart and sees a very bearish picture particularly the second chart.
Then again if you look at Calderos charts here
http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID1606987
He is looking at the same SPX data and yet is obviously bullish. (yes - Im confused)
Personally I expect Caldero is more likely correct in the long run.
But I dont get how the U.S. economy can be helped much by devaluing their currency sure exports will bring in slightly more, but as far as I can tell their major exports at the moment are aeroplains, bombs and windows 7.
When you balance that against the tons of Chinese junk that they sell in their Wallmarts well I think Ron Walker has a point.
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If you look at Ron Walkers charts here...
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