Posted 17 June 2009 - 06:30 AM
Agree w/Z
DX should at least test 83-84...and it probably won't get over on the first try but if it can get over that hump in the coming weeks, watch out...that should bring about a strong deflation scare and make the retracement of the gains from the March lows that much bigger
78 will hold for likely several weeks still, regardless...I believe the trend in DX is up until at least a test of 83-84
"Our job is not to predict where the market will go, but to interpret daily price and volume action to ascertain the facts of the current environment and make decisions based on that interpretation."
-Scott O'Neil (son of William O'Neil), Portfolio Manager at O’Neil Data Systems, when asked where the Dow would go in the coming months