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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: The1Stockman who wrote (56330)	10/3/2014 10:25:33 AM
From: ggersh	Respond to of 71463

Excellent read, thanks

To: The1Stockman who wrote (56330)	10/15/2014 3:13:59 PM
From: The1Stockman	Read Replies (1) \| Respond to of 71463

Just a follow-up on the dollar and how its developed since this original post. Here is what the dollar chart looks like today, a "Head and Shoulders" pattern might be developing as it has now violated its 20-day EMA and seems to be headed down to the 50-day EMA = $84.10. The first real support below the H&S is at the purple line, a pivot point just below the $83.50, ... if it gives way, ... I would expect to see the blue circle before a meaningful pause, the base below the blue circle should act as strong support. If it stalls here, ... a three to five day (above and below) test of this 20-day will dictate its next move, if it regains the $86.00 level, then I would lean towards a continuation, with yet higher highs, which at that point, ... would negate the H&S pattern altogether. screencast.com ~~ Weakness in the S&P has set in, its now below all three MA's, a very bearish setup, I think its something folks have been calling for since it broke above its 2008-line. At some point, I would expect a test of the 200-day EMA (1,900+), ... a cross-over and flip-up of the MACD lines will be a clue of its next move when that time comes. screencast.com ~~ If the S&P drops below the blue circle, I would expect to see it in and around the large purple circle next, where it has an open gap and several pivots. screencast.com Good Luck be Safe, and Have a Great Week. Aram, James