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Re: Bullwinkle post# 6495

Monday, 04/11/2005 2:02:27 PM

Monday, April 11, 2005 2:02:27 PM

Post# of 25966
***USD - Just noticed, if you look back to just before the election, and then the top in February, and then now, we've got a triple top... and a potential bear-flag in the making. The bull argument is the possbility that this turns out to be a cup and hand bottom, with a breakout targeting about 91... but the technicals are extremely overbought here and the long-term trend is down, so I'm guessing it favors the bears.

Add in the fact that the CRB has taken off since the USD has bottomed, and it might be foretelling of this being a dollar bear-flag... I'll try and post the chart later detailing what I'm talking about...








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