2nd Time a Charm?

UPDATE:  11:30 AM I feel pretty good about my downside (primary) case now that things are moving along.  I mentioned back on April 25 [see: The Bulls Fight Back] that we needed to start down by Wednesday in order for the larger H&S to maintain some time proportionality between shoulders.  We got our reversal Tuesday, … continue reading →

Charts I’m Watching: May 3, 2012

NOTE:  New on the MEMBERSHIP>MY PROFILE page, a sign up area that will allow subscribers to be texted whenever a new post is added or added to [note:  additions don’t seem to be generating additional texts — working on this].   I tested it last night, and it took only 3-4 minutes for a SMS … continue reading →

Bet Your Bottom Dollar

Interesting setup on DX that happens to complement the SPX/COMP/NYA charts posted Monday afternoon.  Check out the RSI trend line support. I’m inclined to believe the next several days will be very good for the dollar.  For equities — not so much.Meanwhile, the EURUSD shows signs of finally breaking down.  Both the pair and the … continue reading →