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[K Wave]

1.28 tested and held, but so far only seeing dead cat bounce... IF 1.28 gives way soon, chart suggests possible bloodbath... If the collapse is going to happen, we probably will not trade over 1.29, and back over 1.30 now would mean that 1.28 low is possibly something more than a very short term low.... With DXY closing over 84 on Friday, it sure looks like dollar bears about to scramble for cover, possibly for quite some time to come....

Edited by K Wave, 08 July 2013 - 11:00 AM.

[SemiBizz]

EUR$ is testing the double bottom here on the daily... coming on lighter volume here. We do have a dominant hourly reference candle with implied support around 1.2808 aand resistance at 1.2895. They are going to have to spool-up those engines to break that bottom out, I just don't see that going on here... Same thing with the stocks pullback, it has nice texture with the SOX croakin' and all, but volume too light for me to take seriously. Tradeable though.