Tuesday, September 15, 2009

Dollar - Big relative strength

The dollar is now at yesterday's highs while the market is above yesterday's highs. This scenario is reinforcing the sell-the-news case that I presented previously, potentially occuring sometime in the day today or possibly tomorrow .

Watch 60 period stochastics for cues on a roll over.

[update: 9:27 pm:] 60 period stochastics never crossed down...will have to keep watching them tomorrow
thanks to: matt fraily, breakpointtrades.com
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