Friday, February 18, 2011

2/18 10:20

SPX and Nasdaq stayed in check while DJI made an irregular high.  I'm not worried until DJI rises above 12357, which would indicate the start of another extension.
Bonds fell back to M/A support and a bit into the multi-day congestion.
I expect 1 more low in the dollar down to 77.80 which is just ticks above the envelope of the blue M/A.

1 comment:

  1. Steve

    You called that drop in the dollar well. Excellent work!

    DennisP

    ReplyDelete