Jesse's Café Américain Sun 2009-09-13 12:28 EDT
H&S Top and "Iron Cross" on Weekly Dollar Chart Targets 66
The weekly chart on the US Dollar Index has rather awful technicals, as it has dropped to a recent low, and set the 'iron cross' in the moving averages that is generally the hallmark of a sustained decline...The ultimate objective of this formation remains 66. It is difficult to square this with a technical outlook that includes a major decline in the US equity indices, since the pairs have been running inversely, that is, dollar down, and stocks up.
H; Iron Cross; Jesse's Café Américain; s Top; Weekly Dollar Chart Targets 66.