Replies to post #146 on Steve's Place

[DeepBlue1]

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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[DeepBlue1]

USD (DXY) is below 86 at the moment (12 midnight PDT) and silver is holding relatively steady.

DOW and NASD futures are up nicely as expected with the dollar down.

I think we're gonna' get a pop here.

Hope you had a good weekend. I spent my time getting up to speed with my friends on Mafia Wars on Facebook. LOL

They're addicted to it and now so am I me thinks.

Are you a Facebook(er)? Interesting place/concept. Growing like wildfire.