Silicon Investor (SI) -- The First Internet Community

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.

Non-Tech : The Woodshed -- Ignore unavailable to you. Want to Upgrade?

To: Louis V. Lambrecht who wrote (37704)	2/17/2006 7:21:40 AM
From: Sittin_on_my_yaya	Respond to of 60929

movermike.com The Honeymoon is Over! - Mover Mike I think we've just seen the top on the dollar! If you look at this chart of the daily trading ( tinyurl.com ), courtesy of StockChart, you'll notice that the USD dropped below its 200dma (the red line) in January and then rallied to 91. In my experience this feint below the 200dma is the first indication of a sustained drop below the 200dma. Secondly, the MACD has started to roll over and third, we have rallied into resistance in the 91 area. Looking at the weekly chart ( tinyurl.com ), we appear to have formed a head and shoulder top and the right shoulder looks weak. Breaking the neckline at about 88 would give a target of about 83. In addition, there is divergence in RSI at the peaks. RSI failed to make a new high when the USD peaked above 92.5. I would say Ben Bernanke's honeymoon is over!