Tuesday, January 5, 2010

$USD updates

This short pullback looks very close to done here........and the longer term trend looks to resume back upwards for the next 6-12 months.

Here is a link to my past 4 posts on the $USD


...see the Weekly chart for 6-12 month TIME (not price) target of $USD up cycle. Yes, I think the $USD, will RISE for the next 6-12 months, or untill it changes it's current channell on the weekly chart.

Kenny beat me to posting the bull flag its forming here on the daily, so here it is:


Monday, January 4, 2010

Looking at the IYR

One day into the first 2010 week, and although so far wrong on the broad market 1/5 into the week, have been on the right side of the trade. (sector) SRS was another gimme trade on its gapdown...see comments on link for rationale. 

Notes on IYR charts, fwiw

Disclosure: Long SRS @7.31
 (target IYR 44.20-take majority profits, stops moved to break even)