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Strategies & Market Trends : Strictly: Drilling II

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To: Roebear who wrote (31546)7/25/2003 9:35:48 AM
From: Louis V. Lambrecht  Read Replies (1) of 36161
 
Roe - stange things happen with the charts.
The moving average of fame on the Dollar index is the 100 DMA.
Switch to 1 year chart quotes.ino.com

That 100 DMA is important as it is almost coincidental with an error channel from Oct last year
last weekend's chart lvlamb.itgo.com
thick yelow 100 DMA, thick green 50 DMA
magenta axis lines error channel

Since october there was a one-way trade: sell at the top of the channel, buy at the bottom.

Around 94.67 (Sep futes) we have a gap, the 50 DMA, a neckline of a bullish male/female reversal (of which the target was met on the 100 DMA).

Waz next: take your better tossing coin. <g/ng>
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