By Trader X on March 11th, 2010 10:16am Eastern Time
The Dow Jones industrial Average was trading lower by more than 50 points at around 10:00 am EST. Once the dollar dropped sharply the major indexes all caught a significant bounce higher. Currently the dollar remains the most important chart when it comes to the market moves. Often when the stock market is weak and close to breaking major technical level the dollar usually falls sharply and saves the day. Keep a dollar chart up at all times and see it for yourselves.
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