The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: stockycd who wrote (1130)	9/26/2007 9:09:45 AM
From: John Carson	Read Replies (1) of 71454

When is the last time that happened with any currency, 20% drop in one day? Mexican peso a few years back? Right now I see falling wedge on weekly dollar index chart, those are usually bullish and break out to upside so technically speaking, on one hand, the dollar is due for a bounce and on the other hand it has never been down this low so there may be not much support down here. Wonder which will win, the falling wedge breakout or bottomless pit.

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