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It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford


Those who surrender freedom for security will not have, nor do they deserve, either one. Benjamin Franklin
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The idea that you know what is true is dangerous, for it keeps you imprisoned in the mind. It is when you do not know, that you are free to investigate. ~ Nisargadatta Maharaj

Monday, 22 August 2011

Dollar forming a base ?

This is Ron Walker's chart,excellent as always (the chartpattern trader)...I do not have data for DXY on my software

 

 
30 minute S&P  - ema's in bear alignment still




and no buy signal yet on Joanne Klein's "halloween indicator"



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2 comments:

  1. Anonymous22 August 2011 at 20:34

    Dollar base? Er, no. It's a MASSSIVE bear flag.

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  2. Chartrambler22 August 2011 at 21:31

    Could be but I am seeing signs of reversal in audusd,gbp,chf...and the yen chart is intriguing...no-one is expecting a dollar rally and deleveraging could produce the unepected...eg look whats happened to treasuries and gilts..just saying its something to be alert for...no more

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