About the dollar: I think we are at a very very crucial historical time. I hope I am death wrong. We might have a waterfall-like motion in order because if DX does not rise immediately it will confirm a huge monthly triangle down break, which objective is...56. The good thing is that on the monthly chart one can also see a Inverted complex H&S, with 2 shoulders from each side. I am full short (stocks) here but if the Dollar Index breaks below 74.21 (the lowest right side shoulder) I think I close everything (I prefer losing my shirt but keep my underwear before the winter starts)...
About the dollar: I think we are at a very very crucial historical time. I hope I am death wrong. We might have a waterfall-like motion in order because if DX does not rise immediately it will confirm a huge monthly triangle down break, which objective is...56. The good thing is that on the monthly chart one can also see a Inverted complex H&S, with 2 shoulders from each side.
ReplyDeleteI am full short (stocks) here but if the Dollar Index breaks below 74.21 (the lowest right side shoulder) I think I close everything (I prefer losing my shirt but keep my underwear before the winter starts)...
http://screencast.com/t/OcsfboOB
Take care
Carl,
ReplyDeleteI concur with that.