SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Strictly: Drilling II

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: isopatch who wrote (5123)12/10/2001 4:36:52 PM
From: Arik T.G.  Read Replies (1) of 36161
 
Looks to me there's no need to count anymore.
DXY chart turned very ugly today. Looks like today was ST top, thus completing a zigzag correction to the drop from the 11/26 IT top. Next drop will break the rising trendline suspecting the whole move from Sep low to be a corrective move, meaning, of course, new lows down the road.
My guess is that the ST move down that began at today's high will end below 11/01 low of 113.66

Carry on, guys.

ATG
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext