Teacake (cc: BT)
Sorry I've been off for so long... Would like to be added to BTs email (my address is mikeatmac@gmail.com)
Haven't been around cause had a few medical issues (recent heart catheterization, etc). Turns out I'm very, very healthy artery-wise except I do have a 50% blockage in one artery they call the "widow maker" (cause it usually goes undetected until too late...). It sucks getting old....but still feel lucky to have the good health/fitness that I have despite some of these issues. At any rate, have a lot of empathy for BT and many of us old salts....
At any rate, Im seeing underlying technicals that suggest we bounce here into 1330 or 1345 soon (but that we have a volatile week ahead -- that is, Fed days like tomorrow/wed normally provide a bounce - but wednesday's as I remember on 3x witching can be very volatile - so I'm buying the pullbacks (at significant to substantial support areas like today).
So bottom line I don't see 81.80 as a target here soon on the dollar (but its close to a target I have mid to longer term).
In shorter term, 81.80 not totally out of the question as we get into the last week of Dec (but thinking based on current analysis that it will be more into the new year).
Good luck BT and thanks as always for your help and support over the past few to several years. Mike
