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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?


To: longdong_63 who wrote (59774)5/1/2002 1:09:39 PM
From: Jeff  Read Replies (1) | Respond to of 99280
 
heres a chart of the monthly dollar....

stockcharts.com[h,a]maclyiay[df][pb9!b13!b20!h.02,.20!b200!b150!b50!f][vc60][iUb14!La8,17,9!Lh5,5!Le5,10,1!Li10,10!Lp14,3,3!Ll14]&pref=G

this is the big picture....so its still in the early stage of a longer term breakdown....

keys points...it broke below the moving averages its been riding up since 1999....

the MACD...PPO...all 3 STO's had bearish crossovers and are rolling over.....

real key point....ADX...red line turning up...green down...thats the start of a long term bottoming process....

extremely important key point...IF THAT RED AND GREEN CROSS.....the partys over.....

if the dollar stays weak through the summer.....by next fall...those lines may be crossing.....

thats another signal which would go with many others that folks who see a bigger deeper crash coming starting after summer...