US Dollar Strength/Weakness? Will dictate what the markets do!

My Bloomberg is full of the good news, what about the bad?

1. Fitch Downgrades UBS, Many Others, Puts Morgan Stanley, Bank of America, Goldman, BNP, Deutsche Bank, SocGen And Others On Watch Negative.
2. Outflows in domestic equities hit 23 out of 24 weeks for a total of $106 billion.

3.A 1K Job Beat shouldn't be considered a real beat, especially considering how many times these numbers are revised (almost always to the lower side)

4.FOMC Minutes reveal that almost all Fed Officials Sought To Retain Option For QE3 and most have expressed a negative outlook for the American economy in the coming year. 

India Becoming a exporting powerhouse?

AAPL?

Everyone was expecting an iPhone 5 to be announced today, and... instead got a 4S.Now we need to wait and see how AAPL will perfrom in the next week. 342 is the trending line and 348 is the 200 MDA.

Welcome to the Global Recession

All leading indicators are facing downwards. 

Gold to 1600

On a much shorter timescale gold is now in the timing band for a daily cycle low. My best guess is that sometime over the next 1 to 2 weeks gold will move down to tag the 200 day moving average. That will trigger short covering and a very convincing snapback rally. However it's still too early for an intermediate degree bottom. There should be one more daily cycle down into November before the D-Wave puts in its final bottom.

Gold meh not so much!

Gold at 1760 just saw its highest increase throughout the bull market cycle last week. This has now become the steepest parabolic move of the entire secular bull market. As we found out in May, parabolic moves are prone to crashes. At this point I have no desire to be in the gold market. I could care less whether it goes to $1800, $1900, or $2000. The risk of getting caught in the crash when the parabola collapses has become too great.

I don't care where I make money. Gold, silver, or stock market, it's all the same to me. Profits are profits.

At this point I would rather put capital at risk in a severely oversold stock market than a parabolic gold market.