Friday, August 14, 2009

Current $USD chart.

This index is almost at a .25 node (1.382 base). The actual value is .24211. This is the dollar's last chance to rally using the leverage of the .25 node, as the two other .25 nodes have already passed by. I think this will happen however, coincident with an imminent fall in equities, which tends to strengthen the dollar.

Technically, the theoretical date for the perfect .25 node here is 9/2/09, but we are close enough, that this index could in fact, rise at any time...

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