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Strategies & Market Trends : The coming US dollar crisis

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To: Real Man who wrote (318)7/10/2007 12:38:30 PM
From: stan_hughes  Read Replies (2) of 71423
 
Not sure whose chart this was originally but I've been pulling it up and looking at it every day for several years now --

stockcharts.com[h,a]wbclyyay[d19960101,20071231][pf][vc60][ilb14!ll14!ld20][j39846754,y]

The triangle at the bottom right reminds me of the grade school story about the boy who painted himself into a corner

Not sure what you think on the TA side, but the RSI and CCI kind of bother me here given that their diminished weakening might be signifying a pending bull run as opposed to a collapse, no matter how counter-intuitive that sounds fundamentally. Hence I'm a bit reticent about betting the farm on big-time down just yet, and I suspect I have lots of company in that stance

One thing is for sure, it's going to have to break one way or the other before mid-2008
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