Wednesday, September 16, 2009

Dollar Update

The 2 - 4 line is just below and the dollar is extending its throw over, it we want to call it that, of the wedge. Dollar is losing downside momentum, despite the prognostications of the media and hyperinflationists.
Similarly, the recognition gap on the SP500 between 1070 and 1090 exists. Ideally, we would come to just underneath that gap, or very slightly into it for our move up. Filling the gap would be something I prefer not to see happen - and am not expecting. 
© 2009 m3, ltd. All rights reserved.