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Re: dx/TJC *PIC*
In Response To: dx ()

Hi TJC!
Well...looking at the monthly charts going back into the 90's this 'W' bottom in the dollar looks just like the pattern set in the 90's....

AND, there is a massive divergence in the technicals on the weekly chart...so much so that it couldn't even approach last weeks prices...

AND, on the daily chart, we just had a divergence a couple days ago that reversed price...

Could this be any stronger of a technical turn? I think the key was just how oversold we were to begin with last week...right at the technical level we needed to hold...and at extreme sentiment too...my email is chock FULL of warnings from every 'expert' analyst in the country jumping up and down saying the dollar collapse is emminent...

And then all these patterns...on the long term charts...
This is one of those great rare trades that make it all worthwhile.... :)

PS. the silver chart is poised to follow the 'trend' of the daily chart of early 1980...as rabbit posted a couple weeks ago... look out below...

Cheers!

Messages In This Thread

Re: dx/TJC *PIC*