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FinancialAdvisor

04/11/05 8:37 AM

#6462 RE: Bullwinkle #6385

***USD index looks to be doing the inverse today of what I believed was a possibility as pointed out in #msg-5986993

And Bullwinkle, looks like that slow stochastics did point to this, as it had oscillated near its 'max pain' for quite a period of time...

It's also broken the orange-trendline, of which I gave significance to as well as confirming this by breaking last weeks lows. I now expect that orange trendline to act as big-time resistance. This also appears to be a bear-wedge breakdown and the apex is either this Friday or in a week on Monday of which could potentially point to a tradable bottom should the dollar sink from here till then.

Here's the chart that was posted last week with a running chart below it that updates after the market closes each day...

Note USD index is at 84.09 as of this posting...