Well, Looks like the Dollar had listened to our call support this morning and took to heart. The Antidollar is still within the parameters of being on the minor upwinding line for next few days, but ANTIDOLLARS inability to make more of the Markets weakness up to now is disappointing. IF AntiDollar ( like GOLD) was to break the lows of past couple weeks, the entire picture of ANTIDOLLAR will come unglued and Dollar could be on its way( finally ) to an accelerated upswing expected to start within next 30 trading days.
What will be the Major signs of ANTIDOLLAR BREAKDOWN?
0) a twenty dollar break in OIL below 119
1) sharp break in GOLD below 840
2) sharp break in British Pound below 1.94
3) sharp break in JPY above 109 (quote)
4) sharp break in AUD below 0.92 , finally!
4) Relatively milder breaks in EURO/CHF
Now these are not the prices to sell at, these are prices for setup for sell.
Actual selling will have to come on corrections back.
At the end of the day, we have been getting, what I called a flatlining a couple months ago. It is clear to me that everybody, especially longs in ANTIDOLLAR, are interested to keep the prices around here and Dollar Down, so that they can UNLOAD their merchandise on BOZOS and that takes time.
I would think of collection on MDS/short gains or placing a stop that guarantees that much gain. Let us not forget that there could be more downside though and a bigger crash is not out of the question completely.