Wednesday, January 4, 2012

Count on it

Dollar's current cycle

Hourly chart of Dollar
It seems early for the dollar to form a swing low, but nevertheless, a close above 80.33 is needed to validate this price action.

How the next two daily cycles will unfold
The rally out of this current cycle will drive prices to the next resistance level at 83.50

The Dollar Index
Just like before, the dollar will stage a parabolic move.

Next Daily Cycle for stocks

Next Intermediate Cycle for stocks
This would correspond with the next two daily cycles of the Dollar.

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