Hey,
I came across this actionable tout for today by Rick Ackerman.
$ DXY NYBOT Dollar Index (Last:81.81)
by Rick Ackerman on September 14, 2010 6:09 am GMT
http://i868.photobucket.com/albums/ab241/kimbo252/This-downtrend.jpg
Dueling impulse legs characterize the daily chart at the moment, albeit with a slightly bearish bias. The clear implication is that the down-leg begun on Friday from 82.99 is likely to reach a minimum 81.53 before reversing. A tradable bounce seems very likely from that price because the pattern is so clear, and so Ive recommended bottom-fishing with as tight a stop-loss as youd care to apply. Please note that if the support should be breached more than slightly i.e., by 0.06 points or more it would suggest that a larger downtrend with potential to 81.32, or even 79.08, is in play.
- Forums
- Forex
- usdindex - head and shoulders?
Hey,I came across this actionable tout for today by Rick...
Featured News
Featured News
The Watchlist
VMM
VIRIDIS MINING AND MINERALS LIMITED
Rafael Moreno, CEO
Rafael Moreno
CEO
SPONSORED BY The Market Online