Dollar look like it may be making a double top. Still crashing
against the BB lines daily and hourly now. The daily chart is
starting to look parabolic. That mean we could see one heck of a
fall once it finishes blowing off.
Meanwhile, looks like the Dow, SPX, GDX and even gold get to
make a final 5th wave lower. And it's option expiry so anything can
happen.
for now the US Dollar is really strong. here's a 240 min
chart, strong candle today and it is causing weakness today in the
market
ultimately we need to see the 60 period stochastics fall below
80% to really have a good down move, but for now it's at the top of
the wedge, so maybe it finds some resistance up here.
USD$ @78.08, when will be the pullback
Posted by paulchan on 18th of Dec 2009 at 10:56 am
78 is strong resistance - uup 23.25
Posted by macnsc on 18th of Dec 2009 at 11:14 am
Double top??
Posted by perthx on 18th of Dec 2009 at 11:09 am
Dollar look like it may be making a double top. Still crashing against the BB lines daily and hourly now. The daily chart is starting to look parabolic. That mean we could see one heck of a fall once it finishes blowing off.
Meanwhile, looks like the Dow, SPX, GDX and even gold get to make a final 5th wave lower. And it's option expiry so anything can happen.
for now the US Dollar
Posted by matt on 18th of Dec 2009 at 11:17 am
for now the US Dollar is really strong. here's a 240 min chart, strong candle today and it is causing weakness today in the market
ultimately we need to see the 60 period stochastics fall below 80% to really have a good down move, but for now it's at the top of the wedge, so maybe it finds some resistance up here.
$78.45 now - it b/o again
Posted by foolwise on 18th of Dec 2009 at 11:06 am