Thursday, May 24, 2012

 
 
 
 
 
Developing pattern could be terrible news for the U.S. dollar
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Wednesday, January 25, 2012
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From Kimble Charting Solutions:

It's not the odds of something happening that is important, it's the impact if it does!

The odds were low that IYM was creating a bullish right shoulder in late November (see post here), yet the impact of this pattern has been big for non believers...either by missing out on the 60-day rally or being short while the S&P 500 index has moved 10% higher.

The odds might be low that the U.S. dollar could be making a bearish head & shoulders topping pattern, yet if this pattern is true, the...

Read full article (with charts)...

More on the dollar:

Two important charts to keep an eye on now

Shocking gold story suggests the "End of America" has begun

This is how Americans were duped into using worthless paper money

Topics: US_dollar | Technical_Analysis | Currencies
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