Thursday, July 23, 2009

Dollar looks real bad here...


If the stock markets top in the next week or two and starts to decline, that may boost the dollar and produce a double bottom in that chart (You can see it here, it looks like a small double bottom, if it holds). Otherwise, the dollar cracks support and other financial problems emerge. Either way we are coming to another interesting 'inflection point' where history and fate will change the world.

2 comments:

waldo said...

Hi Mark, don't post much anymore but here is some tgts to watch for a bottom in the dollar. supports are 78.51, 77.53 and 75.69. waldo

mlytle said...

Hi Waldo,
thanks for the info....

Regards,
Mark L.