I have not posted much market observations today because is not
doing much, pretty much as expected, it has been consolidating and
chopping around since yesterday and is holding up. I'm not
trading the market anyway, I'm managing system trades and
trading some individual stock trades.
Here's a 240 min chart of the US Dollar, if it breaks that
trendline support, it should have another leg down, that would give
the market another boost higher again, so we'll watch that.
Otherwise, I feel like a 10 year old kid in school waiting for
the bell to ring tomorrow afternoon lol
US Dollar and market
Posted by matt on 24th of Nov 2009 at 02:57 pm
I have not posted much market observations today because is not doing much, pretty much as expected, it has been consolidating and chopping around since yesterday and is holding up. I'm not trading the market anyway, I'm managing system trades and trading some individual stock trades.
Here's a 240 min chart of the US Dollar, if it breaks that trendline support, it should have another leg down, that would give the market another boost higher again, so we'll watch that.
Otherwise, I feel like a 10 year old kid in school waiting for the bell to ring tomorrow afternoon lol
Yep, nice decline in the
Posted by matt on 25th of Nov 2009 at 02:56 pm
Yep, nice decline in the dollar, to me the dollar looked bearish yesterday, I drew that trendline there late yesterday and it just looked weak.
here's my chart from yesterday afternoon before it broke down
http://breakpointtrades.com/blog/uploaded_content/2009-11/0368151001259092654.png
Exhaustion of the up move?
Posted by junkie on 25th of Nov 2009 at 03:23 pm
why didnt the market rally
Posted by parki48 on 25th of Nov 2009 at 03:16 pm
the dollar dropped, the euro flew and no movement on the indices, why?
are we not gonna have a new rally on the S&P and Dow .