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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: DebtBomb who wrote (5272)	6/6/2010 11:34:41 AM
From: tyc:>	Respond to of 219193

The dollar is a floating currency. It responds to market forces,not to government edict. IF you believe the dollar is "starting another leg up", you have an opportunity to profit. I haven't a clue what will happen to the dollar or to the world economies. But I believe "trends are your friends", so I remain flexible and go with them.

To: DebtBomb who wrote (5272)	6/6/2010 12:04:41 PM
From: GROUND ZERO™	Respond to of 219193

PRICE LEVELS TO WATCH THIS WEEK... The model had a confirmed buy signal on Wednesday with a close above 1065.30, and a highly spirited rally of a few days followed... but, only to be followed again by a steep decline which triggered a confirmed sell signal with a close on Friday below 1067.00... talk about volatility... The next possible buy signal will occur this Wednesday IF AND ONLY IF the market closes above 1049.90 on Wednesday June 9th... if this happens, then I would expect to see yet another highly spirited rally, but there is no way to know if this coming rally (if a signal is generated) would have legs or not... if no buy signal is issued, then the current short from 1067.00 is safe and the market will likely continue lower... In the cash chart below, notice the market below the 200 DMA and the 20 and 50 DMA both moving lower, and the 20 DMA appearing to push prices downward... GZ