ALL THE SAME AS MARKETS AND RISING BDI

Further evidence of the INVERSE relationship of almost everything else to the US $, here I use a SIMPLE 20 WK EMA and arrows show where S and R were found and how one could possibly follow trend for profits. There is a nicely formed UPTREND line for OIL and we have had a month of sideways action, that is either a consolidation FLAT pattern, or readying for a break lower, we have our trendline and that will help us observe rather than guess.

BDI is approaching "yellow" resistance line near June peak, ROC is extended, is this a sign of advancing ship traffic OR rising oil costs? The relationship presently with the US $ and almost everythng else is a NEW ONE. In the 2000 bear mkt, the $ rose into a 2001 high. There was NO sign of a $ carry trade then. USUALLY one would expect a STRONG US STOCK MKT would show itself with a STRONG IN DEMAND CURRENCY, that is not the case now.

Overnight the $ has slipped back some from Thursdays strong move and for now the futures are green hinting at a PLUS open near SPX 1091.

Obama is in Japan where 5 MINUTE questions can be answered with ONE minute responses.

Keep in mind any talk of RETAIL STRENGTH if YR/YR as 2008 was weak.

D