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Strategies & Market Trends : Mike's Big Adventure Trading Forum

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To: yard_man who wrote (1467)4/19/2007 10:06:17 AM
From: nspolar  Read Replies (3) of 1791
 
Dollar ... maybe. It is usually the case that any trend, up or down, channels along some line, w/r to both highs and lows.

Look at IT dollar, go back to low in about Oct 2005, on linear chart, draw line from that low, thru lows along current DT. Usually a bottom will land around the 3rd or 4th point. Dollar is in vicinity of 4th point or hit, on that DT or falling resistance line.

quotes.ino.com



Trans - dunno yet. Still watching I guess.
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