2009-10-20

Another view of the rally

Here's the SPDR S&P 500 Index (SPY) divided by PowerShares DB U.S. Dollar Bearish (UDN)

Here's the SPY divided by CurrencyShares Australian Dollar (FXA)

Here's the SPY divided WisdomTree Emerging Market Currency (CEW). Much shorter time-frame because CEW issued in the spring.

Here's the SPY divided by SPDR Gold Shares (GLD). Notice the weak trendline.

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