Volume Based Analysis - My First Time

Credit to Salad from smartvolume.wordpress.com who gave me settings for his indicators on 2 day, 1 day ad 60 min. I am just using 2-d for this analysis.

Selling on DJ-Tran continues

Buying on VXX has picked up

Bear exhaustion on Dollar, Buying about to begin

Bull on Oil continues

Selling on GOLD continues behind the scenes

Looks like selling on silver is about to begin but signal not confirmed yet.

Website used is marketvolume.com

DXY, DRYS

Just back tested $DXY 1y-D chart with Opex&monthly person pivots. It follows them pretty good.
Right now DXY is testing opex and monthly S pivots. It had closed below monthly S pivot on 7/30 July), so this test was due and should make DXY bounce up hard. However, $DXY should not close below 78.774 on 9/30 other wise it will go and test the next S monthly pivot.

Bullish action in DRYS yesterday and today, makes me worried. However, this one follows opex and monthly pivots too. Today it tested Opex R pivot (it was due from August Opex close). I don't think it should test monthly R pivot at 5.38. So, this should be it.....


All stars are aligning. Have patience

FED's Politics to force other countries to buy Dollar. My interpretation

1. Fed trying to weaken the dollar to fight deflation and for higher equities (psychologically good for all of the world).
2. Which in turn creates higher commodities prices (eg, wheat, cocoa, cotton etc.)
3. Developing countries are facing higher inflation (eg, India, Brazil, etc.). To fight growth and inflation, they are increasing interest rates thus higher currency power in Indian Rupee, Rial etc.
4. Instability in Us economy forces investors to park their money in yen and other safe or high yield currencies thus exporters will get hurt in those countries.
5. Now, politics is that US govt is forcing other countries indirectly to buy Dollar (eg, Japan unloading yen and buying dollar, Brazil unloading Rial and buying dollar).
6. They did it last year and the year before. They will continue to play this game as long as all commodities are denominated in Dollar.