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| Today will be the 4th time in two months that the $ will test 96.50. The last 3 times that it has tried it was in an overbought condition and was turned back. This time however the indicators are quite different than the last 3 times. If we poke above 9650 we will find out how many shorts will want to get out. Metals are having a bloodbath today over this. If we close over this resistance on Friday, what would the targets be for the Dollar? Seems like whenever the US products look like they might get a boost then the dollar takes it away. It's a race to the bottom and we are losing. | |
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The Dixie
