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November 03, 2009 An Alert on the U.S. Dollar ... |
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The Dollar could fool everyone ... Just as Foreign countries are diversifying out of the Dollar ... just as the Dollar's carry trade is being overdone, the Dollar is poised to make an upside run. Take a look at today's chart and what do you see? The Dollar just started to break above its 8 month resistance line. At the same time, its Relative Strength has been trying to move above a resistance line for 7 months ... until yesterday when it broke out above it. Granted, the RSI is still not very strong, but if it starts to trend up and can make it above 50, then the Dollar could catch fire on the upside. Right now, our Accelerator is a strong positive indicating that the RSI should move up higher from here. If we get a significant up day on the Dollar soon, it could be a game changer because too many investors and countries are on the wrong side, which could initiate a short covering rally. ** Feel free to share this page with others by using the "Send this Page to a Friend" link below.
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Marty Chenard StockTiming.com is dedicated to Stock Market Investors who want the best information on stock charts, stock market trends, stock market timing and technical analysis. Be My Guest and Take Advantage of Our Free Membership ... Get a Free Membership to StockTiming.com ... Youll receive important daily messages before the market opens and direct links to todays important web pages. Information and messages that are often not posted on our website. There is no obligation or expectation on our part ... it is just our way of proving our accuracy and timing expertise to you. Please click here for your Free Membership. Copyright © 2006-2009 Marty Chenard Image rendition and html coding Copyright © 2000-2009 SafeHaven.com ADVERTISEMENTS
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