DX Update: Dec 2, 2012

The US dollar remains in a rising channel within long-term channels that point to very different outcomes. The rising white channel intersects just ahead with the larger falling white channel upper bound, the rising red channel mid-line and the 75% bound of the falling purple channel. Whether the red or purple channel carries the day … continue reading →

SPX: The View from 30,000 Feet

Our charts have grown fairly “busy” lately, what with harmonic patterns, chart patterns, fan lines, channels, etc.  I find it helpful every now and then to take a step back and examine those elements that have had the biggest impact in recent years — and are likely to continue doing so. In my opinion, the … continue reading →