Dollar index chart
Started by
zedor
, Mar 23 2007 12:43 PM
4 replies to this topic
#2
redfoliage2
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Posted 23 March 2007 - 12:46 PM
With these nested Head and shoulders, the downside target could go as low as 80.0, lower than my earlier target 81.50 based only on the daily chart.
Edited by redfoliage2, 23 March 2007 - 12:47 PM.
#3
Russ
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Posted 23 March 2007 - 01:05 PM
Its a bit early to say if that trendline is going to hold isn't it?
I am showing the dollar index will go down into 2011 that doesn't mean there won't be retracement rallies though.
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"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
#4
fib_1618
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Posted 23 March 2007 - 02:09 PM
Actually, the downside price objective of this structure, IF it's a head and shoulders structure, would be around the 73 level.With these nested Head and shoulders, the downside target could go as low as 80.0, lower than my earlier target 81.50 based only on the daily chart.
Yes, it is, as we're building price structure divergence right now.ts a bit early to say if that trendline is going to hold isn't it?
A recent updated post on the Dollar can be found here.
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#5
VolPivots
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Posted 23 March 2007 - 09:51 PM
Another possibility....a grande W pattern with B = 1.5A and the 2 points labeled 1 equidistant from the balance point (speaking in terms of time).
With any luck, should be testing the 90 area in the not too distant future. Bought Dec 125 Euro puts this week with the intent of fully liquidating residual funds at my Xpresstrade account by year-end....an all or nothing bet hopefully resulting in a big Xmas bonus.
http://stockcharts.com/c-sc/sc?s=$USD&p=D&st=2004-10-01&i=p54692958023&a=101692536&r=7725.png
With any luck, should be testing the 90 area in the not too distant future. Bought Dec 125 Euro puts this week with the intent of fully liquidating residual funds at my Xpresstrade account by year-end....an all or nothing bet hopefully resulting in a big Xmas bonus.
http://stockcharts.com/c-sc/sc?s=$USD&p=D&st=2004-10-01&i=p54692958023&a=101692536&r=7725.png
