Replies to Post #88855 onBagman's charts, watchlists, scans and etc.

Replies to #88855 on Bagman's charts, watchlists, scans and etc.

10/03/11 9:01 AM

Howdy GB

That's a lot of questions in one post. You know I'm as clueless as anyone, but here's the best answer I can shoot from the hip.

so what about mid term direction on the dollar?....you know if it rallies our bal and all commods are toast....

I think the dollar is up because of the other currencies weakness. I expect it to consolidate short term, find resistance around the 79-80 area and support around 76.00. (chart below) If it breaks that, it will run either direction, imo.

i have been waiting on a strong pullback to get in some of the jim rogers funds and now that it's happening i'm not sure i want em.....the ol let me in let me in ooooops let me out let me out thingy hehehe

This is why I prefer to trade the same stocks/funds. I know my own well enough that I can buy when they are down with confidence. Bottoms don't usually come with optimistic news.

is that a double top on the vix?....buy the fear time?....give me some answers damn it!!!!!

I don't know-it could be, and I believe it will be short term resistance. Its the global economy that is getting the recent attention. If Greece is kicked out of the Euro? it will probably breakout. (chart below)