get ready for rnd 2 of the usd collapse, page-3

In case you missed it Woteva, here's what I wrote on another gold thread earlier this morning. :)))

Hiya Woteva, and assorted other REAL gold bulls, and USD "dislikers" LOL!

FWIW I am seeing signs of exhaustion in the current USD "bear market" rally... unfortunately I have lost access to my USD basket data for this weekend so can't get into the lower time span nitty gritty, but looking at the daily USDollar basket... the current two month rally is coming up to some pretty strong techo resistance on a number of fronts.

1. The 80 mark... historically this area has bee very significant, and a Break DOWNWARDS of this level in 2007 was seen correctly as being a significant precurso to declines through to the start of the GFC.

2. On the daily, the rally has so far taken the form of three waves, there is pretty much a choice of it going to five waves or stopping at three. should it stop at three, the likelihood is the USDollar is going back down to the 74 figure lows. I can't really do good analysis on the daily though as the data is too course to enable me to see the likelihood of trend exhausion here, hopefully I'll have my data back next week and can put a concerted effort in there.

3. agin on the daily chart MACD and Stochastic indicators are showing strong "overbought" or technical peak information suggesting at best indecision is occurring at this USD level.
...

Some other stuff about gold there which I wont repeat here.

;)