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Re: gitonwithit post# 79362

Sunday, 06/26/2011 8:48:30 AM

Sunday, June 26, 2011 8:48:30 AM

Post# of 140146
This next chart is weekly DXY and I think it agrees with SPX action as far as negative correlation goes..which is normal.This thing is in a bullish upturn..the SMA10 has now been crossed and 3 weeks of green candles has formed what I call a flying saucer with the 10..upper shadows of last 2 have penetrated the SMA20 and last weeks candle was an inside candle...these are all good signs for further advance and if this stuation holds it should advance slowly to at least the weekly SMA50 at about 78.12...if this occurs and equity market basically crashes then it could make it to even higher ground.The next chart after this one will be silver and I think it also agrees with what we are seeing and expecting.


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