The Euro-Dollar Thermal Inversions June 14, 2010 Analysis from Chris Kimble dshort.com
Hot and cold — are we about to witness a major change? Chris Kimble takes an afternoon look at the Euro-Dollar.
Click for a larger image Chris comments: Extremes... Rising and Falling wedges, along with 95% bull sentiment in the Dollar and 95% Euro bearish sentiment in the Euro.
Dry ice represents extremes, so cold it burns...
Are the Dollar and Euro at extremes? Sentiment wise it appears so. At the same time, both are making extreme opposite technical patterns.
In the past, as the chart illustrates, the spread between the Euro and the Dollar suggested to "Buy the Euro and Sell the Dollar." Different this time?
Some might think this is an "extreme" suggestion. Nothing more than looking at the potential Power of the Pattern.
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