About 6 AM today, the dollar futures-@DX at Tradestation, seemed
to double top with a high of 87.55, very close to the top last Tue.
of 87.625 (don't know why, thought it was last Wed., but it was a
week ago Tue. night about 8PM). RSI and some other
indicators looked weaker and had negative divergence from the first
double top, and the dollar futures have been selling off since
then.
Would that possibly indicate that the top has been put in on the
dollar, or is it a wait and see situation like was stated about the
EUR/USD completing the move down? Guess we'll have to
see how the @DX futures act if and when they get down to the next
low after the previous double top from last Friday around 85.5, if
they bounce or keep going through that level? Thanks
for any extra info. My computer speakers are on the
fritz and haven't been able to hear audio since before the weekend
newsletters.
more ?s on the dollar
Posted by sonia on 25th of May 2010 at 04:05 pm
About 6 AM today, the dollar futures-@DX at Tradestation, seemed to double top with a high of 87.55, very close to the top last Tue. of 87.625 (don't know why, thought it was last Wed., but it was a week ago Tue. night about 8PM). RSI and some other indicators looked weaker and had negative divergence from the first double top, and the dollar futures have been selling off since then.
Would that possibly indicate that the top has been put in on the dollar, or is it a wait and see situation like was stated about the EUR/USD completing the move down? Guess we'll have to see how the @DX futures act if and when they get down to the next low after the previous double top from last Friday around 85.5, if they bounce or keep going through that level? Thanks for any extra info. My computer speakers are on the fritz and haven't been able to hear audio since before the weekend newsletters.
top is in untill it
Posted by freddy123321 on 25th of May 2010 at 04:08 pm
top is in untill it breaks thru, if it does