The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: ggersh who wrote (26563)	1/27/2010 4:35:39 PM
From: LTK007	Read Replies (1) of 71470

i hope it breaksdowns, but damned the post FOMC meeting action of the market still shows the bulls are DEFENDING the line against break down. We have seen this now for, incredibly,over 9 straight months. At 1083 the market could broken down on the FOMC, and taken out 1075---but NO, a 15 point RALLY just IN Time, and we have had this "just in time" rallies for over 9 months. But my IQCharts has maintained its sell signal put in on 1/22. Their Daily candle read for today on SPX they have simply listed as "engulphing"--would you have opinion on whether it is bulish or bearish engulphing--but then tomorrow may define that--they run this market the next two days--it will be just another Fake Out of we waiting for the breakdown. When the market is like this, i do no crystal balling on the near term, it remains for now all about supports and resistances--the defender of the bull showed major control off of 1083---discouraging:( Max

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