Wednesday, August 29, 2007

Bullseye on the Dollar Index


Wow, every now and then even I get lucky. Back on Aug. 16 in this blog I posted some targets for the Dollar Index. The first mark hit right on the nose. Price spiked up to nail the 'X' that was placed two weeks ago. The second chart below shows new targets in addition to the those already there. I don't think all of them will hit. They're just possibilities. But the main thing is that I think the dollar is still going to rally. Based on the time and price cycles.





1 comment:

SJR3t2 said...

What is the inverted phase? What is the DXY?