An informal presentation of technical analysis, market ratio analysis, psychology and macro fundamental opinion... along with whatever else is required to stay on the right side of the markets. The premium NFTRH service takes all of these and more to the next level.
"As a technician, I feel that there are few analysts that offer value for me, but you do. Your work on Gold ratios has helped my analysis greatly." --Jordan Roy-Byrne, CMT (The Daily Gold) 4.9.10
Monday, August 1, 2011
Parker Hannifin (PH)
This is the US manufacturer I know most intimately. Appears PH had a bit of a forecast on the ISM, no? We have been reviewing Parker's chart in NFTRH on occasion, with this one showing the H&S breakdown shown this week. PH depends to a large degree on a weak dollar. Do you think PH thinks the dollar is going lower or higher near term?