Buy and Sell Signals, and Other Market Perspectives Message Board

STOCKTALK

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 : Buy and Sell Signals, and Other Market Perspectives

SPY 685.33

+1.1%

Jan 21 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

Recommended by:

the longhorn

To: GROUND ZERO™ who wrote (142876)	3/28/2020 6:41:38 PM
From: Hawkmoon	1 Recommendation Read Replies (1) of 222173

Yep.. great chart as well.. Oscar and I were discussing the DXY in his chat room and my worry that if we broke 105, on the quarterly chart it looked like the DXY would be heading for 120-130.. How I figured this was looking at the following chart, and seeing an extended Cup&Handle pattern forming.. The bottom of the Cup is at 70 and the pivot point is at 105. So if it penetrated 105, according to traditional C&H theory, the Cup should flip upward for the target price.. hence 120-130.. Of course, this would suggest massive deflationary pressures and debt default to make the Dollar that strong.. Oscar just had a shorter term view with his double top interpretation. I still, unfortunately, think the Quarterly pattern may play out unless the Fed finds a way to stop the climb of the USD. bigcharts.marketwatch.com Hawk

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next