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S&P 500
5,221.42
(
-0.02%
)
US TECH 100
17,726.80
(
0.25%
)
Dow Jones
39,431.51
(
-0.21%
)
Brent Oil
83.24
(
1.04%
)
Bitcoin
63,137.22
(
2.75%
)
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DeepBlue1

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DeepBlue1

Re: starboy post# 146

Sunday, 02/22/2009 1:01:11 PM

Sunday, February 22, 2009 1:01:11 PM

Post# of 177
USD at what is being tested as a double top. Could be the turning point for stocks. Maybe...!

USD index(DXY) needs to break above 88.70ish and hold to continue it's uptrend and continue the downtrend in stocks. Conversely, it needs to break 86.00ish and hold to begin confirming the double top and the new downtrend.

I also believe that if it decides to drop and break out to the downside that precious metals will accelerate to the upside, although it's going up nicely in tandem with the recent rise in the DOLLAR INDEX anyway in anticipation of hyper-inflation in the future.


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