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could be bullish engulfing on dollar

Started by andiron , Oct 20 2009 11:19 AM

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4 replies to this topic

#1 andiron

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Posted 20 October 2009 - 11:19 AM

could be the moment

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#2 phloat

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Posted 20 October 2009 - 11:40 AM

could be the moment

corresponding bearish one on crude?

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#3 goldswinger

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2,612 posts

Posted 20 October 2009 - 11:49 AM

could be the moment

corresponding bearish one on crude?

While I agree this could be THE MOVE, I am still a bit skeptical that this could be the C wave for the last wave 4 with a final plunge to the bottom (75.1) before the next major SPX drop starts. I am currently short with SDS and have moved my stop to breakeven.

GS.