Thursday, January 7, 2010
US Markets- Jan 7,2010
The dollar looks like it could have completed its retracement, still a little too soon to say definitively, would like to see the weekly close to confirm. If it is complete expect the next push to fill the gap just north of 80, going all the way back to Bastille Day in July. Vive la difference! The DJIA still has some room to go in the wedge, (preferably making a new reaction high above the trend and then a sharp reversal) so until the dollar takes the lead once more...a couple of extra cups of coffee will be needed to keep from falling asleep.-Dio.
Subscribe to:
Post Comments (Atom)

No comments:
Post a Comment