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Re: Today/U.S. $ Index,etc./Lee *PIC*
In Response To: Today ++??/Trades ()

Here is DX again. Nice follow through higher from the breakout point. Presently at 79 resistance. I'd be surprised to see it blow through 79 quickly with the big move already but this move was way overdue with the multi month channel it traded sideways in. But the bigger the sideways channel is the bigger the move out after the breakout. So this move is and should continue to be strong. Like I said I expect DX to have a multi month rally and not just another bounce. And this should trash "most everything" too. Think of it as a soul cleansing or pay back time............. The market is flushing out all the weak longs on everything. Historically Sept and into October are the worst months of the year for the stock market. And this time frame into October tends to see major low points in the stock market and many other markets including many commodities too. Just look at a bunch of seasonal charts in all time frames and see how many see lows in late Sept and early October. Should see a major low point in this short time frame. On SPX watch the Aug lows of 1100 for a test. Almost there already.....................

Messages In This Thread

Today ++??/Trades
Re: Today/U.S. $ Index,etc./Lee *PIC*