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Thursday, 10/07/2010 1:10:20 PM

Thursday, October 07, 2010 1:10:20 PM

Post# of 23883
Dollar bounce on bogus numbers ?
http://noir.bloomberg.com/apps/news?pid=20601087&sid=ahcYSijW4.4E&pos=1
http://www.gallup.com/poll/143426/Gallup-Finds-Unemployment-September.aspx
Will the dollar reverse/slow for a while?
http://stockcharts.com/h-sc/ui?s=$USD&p=D&b=5&g=0&id=p35539380580
http://stockcharts.com/h-sc/ui?s=UUP&p=D&b=5&g=0&id=p43404914046
The UUP represents a more real time view of the dollar trade.

post#20346
"78 next support for Dollar. We "could" see a slowing at that dollar index level in the silver price....( maybe ~$23-24 )."

http://stockcharts.com/h-sc/ui?s=$SILVER&p=D&b=5&g=0&id=p05451064887

When the silver price jumped UP out of channel, it raised red flag ....being in a heated run higher, there was a need for pullback/leveling.

Another buying opportunity in my view.
Still bullish.
G, S, ITRO.

ag