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Re: Thoughts ???/Trades/Lee
In Response To: Thoughts ???/Trades ()

Hey Lee. Well there is a lot of very bullish chart set ups. But DX is also testing its 3 month downtrendline resistance. Price spent the entire day today just above the line in a tight range. Not enough to be called a breakout but if price does clearly breakout and rally further it will trash inverse markets. Mixed thoughts on that but like I said a lot of charts are looking good here. If only they could 'fix' DX and just let the markets trade in an orderly manner life would be so much easier instead of looking over my shoulder at DX/Euro and wondering what Bernanke or Mario Draghi is going to say to make or break the DX/Euro trade which has such a dramatic impact on inverse markets. That seems to be what it's boiled down to unfortunately. Better odds just playing the roulette wheel as either will make or break most markets. For stock accounts the Coal ETF:KOL is testing 26.20 and a breakout above that holds would suggest much higher prices. That's what I'm looking at right now. Plus some Canadian bank stocks are also looking to breakout but haven't succeeded just yet. Keep in mind October tends to be a trend changing month much like May so expect some trend changes in here soon.