To me it seems more accurate analysis! Mension only missing two things, # 1 on the charts 1 day, 5 times the RSI was overbought and oversold only 2 twice, 2nd have a gap to close to put the index at 76,660. So let us wait and see!
It’s no surprise: U.S. dollar bounces on “Plan B” rejection
The saga continues as we see the fiscal cliff “winners” and “losers” played out from sound bite to press conference to progress to letdown. Thursday night was the latter and the letdown of the rejection of so-called “Plan B” by House Republican leaders caused the market to re-think just how much optimism that had already been baked into the cake. Unwinding the “optimism position” was swift Thursday evening but it seems that as traders re-evaluate the situation on Friday - going into the weekend – optimism that the cliff will be averted is returning as equities pare their gains. Technically the daily U.S. Dollar Index remains in a ... (full story)
- Posted: Dec 21, 2012 8:57pm
- Submitted by:Category: Technical AnalysisComments: 1 / Views: 1,807