Comments on: Trapped Bears

By: stephenberry

stephenberry — Tue, 10 Nov 2009 20:23:54 +0000

Thanks. Maybe I'm missing something, I certainly do not pack any credentials in technical analysis, but the USDUPX for November does not appear to show any significant challenge to the 20 or 50 DMAs, nothing on the order of May-June 2008. Trendlines and RSI(14) also both appear to be signaling a continuity of the current downtrend. In my view, a more apt comparison with now would be Nov-Dec. 2007.

By: chartsandcoffee

chartsandcoffee — Tue, 10 Nov 2009 19:44:53 +0000

Look at the chart above and take a look at May-June 2008.

By: stephenberry

stephenberry — Tue, 10 Nov 2009 19:15:55 +0000

You said “the USD is approaching support.” What evidence do you have of this?

By: Complex Head and Shoulders | Charts and Coffee Blog

Complex Head and Shoulders | Charts and Coffee Blog — Tue, 10 Nov 2009 18:17:11 +0000

[...] could be a gift to the shorts that held up to key resistance levels. I mentioned in prior posts that shorts had no chance to escape Friday and on Monday. I’ve already recouped some losses from yesterday and if this formation plays out I’ll [...]

By: stephenberry

stephenberry — Tue, 10 Nov 2009 14:23:54 +0000

By: chartsandcoffee

chartsandcoffee — Tue, 10 Nov 2009 13:44:53 +0000

Look at the chart above and take a look at May-June 2008.

By: stephenberry

stephenberry — Tue, 10 Nov 2009 13:23:54 +0000

By: chartsandcoffee

chartsandcoffee — Tue, 10 Nov 2009 12:44:53 +0000

Look at the chart above and take a look at May-June 2008.

By: stephenberry

stephenberry — Tue, 10 Nov 2009 12:15:55 +0000

You said “the USD is approaching support.” What evidence do you have of this?