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Message: Death of the dollar.. Part 459879

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Dick_Pole

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Re: video on Gold

in response to Re: video on Gold by KingJames

posted on Jul 02, 09 10:50AM

Thanks to the poster who originally provided this little gem of info, great charting.

Currently, the Dollar is in a six week trading range between 78.33 and 81.37. Short term momentum indicators are no help. MACD, RSI and Stochastics essentially are neutral. Intermediate trend is down. Chances are high that the intermediate down trend eventually will resume, but timing is unknown at this time.

Short term technical signs of deterioration in U.S. equity markets are likely to appear this morning. The Dow Jones Industrial Average is expected to open below its 50 and 200 day moving average. Volume is still decreasing.