Saturday, May 23, 2009

$USD charts...





Note here that we're almost resting on a exponential trendline (middle chart) and are very near a .250 node (bottom chart).
Current node reading is .24515...so any bounce is close, could be now or a little ways into the future...
I would feel that any dollar collapse concerns are more than a bit premature at this point...
Long time readers know that major moves usually don't terminate until we get close to the .500 nodes, which in this case is still a ways off. That is to say the dollar rally shouldn't end before the .500 nodes are reached on one of the three charts, even though it may not appreciate in value all that much before then.

Just thought I would add, the approximate .500 node dates I'm talking about are 8/26/2010, 3/3/2011, and 12/19/2011, so the end of the dollar rally could be near one of those three dates.

No comments: