This is intended to be a forum for me to post chart ideas and hopefully receive feedback and stimulate discussion.It is not intended to constitute investment advice.
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"
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
Dollar base? Er, no. It's a MASSSIVE bear flag.
ReplyDeleteCould 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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