Thursday, December 2, 2010

Dollar Chart Request

I have to use UUP as usual because the dollar index does not have intraday charts.

Dollar divergences 10 min chart.

The dollar was extremely overbought so a correction is not very surprising.


I was asked earlier in an email about it, I answered I'm not too concerned as long as it holds around the 10-day m.a.

The yellow line is the 10-day m.a. This is the screen I use to avoid false m.a. whipsaws, with 3-4 components all having to be positive, all 4 are still positive.

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