Thursday, March 3, 2011

USDX

Will the Stock Market head lower?
Perhaps the USDX will offer a sneak peak.

The USDX seems to be have fallen into a bottomless pit but like the temporary low made on Feb 2nd another possible low is at hand.
  • June 7th + 270 = March 4
  • November 4th + 120 = March 4
  • Dec 31 + 60 = March 2
  • High-high-low projection 76.43
  • Momentum divergences forming
  • A rally > 77.43 would be a clue that the short term cycle is turning up.


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