Replies to post #41891 on Short Term Trading Member Forum

[JLS]

Overhead S/R is 1075.

Another version of June's H&S forming?

[JLS]

Per my interest in watching the dollar,

and liquidating FAZ yesterday,

and delaying the swap into FAS till the dust settled,

and checking the dollar index in the wee hours last night,

I smelled something coming,

so I re-entered FAZ an hour or so into the morning.

My guess is this move down is a sort of Hurst burst.

If yesterday meant anything at all in terms of buy-the-dip, then there should have been follow-through today. There's too much fear out there now to buy the dip for a while. But I could be wrong.