Posted is a daily chart of the dollar showing a series 1637 td turns, the last of which was due 8/6/10. It appears the dollar may be bottoming on schedule for at least a significant bounce and possible even another leg up. This last down-leg in the dollar has retraced exactly 61.8% of the previous up-leg. I would recommend covering if still short since the top posted here on 6/2/10: http://markettime-patterns.blogspot.com/2010/06/dollar-will-trendline-hold.html
Great stuff. Thanks again
ReplyDelete