Thursday, August 4, 2011

Forex/gold Trendline Trading

Scorecard 8/2/2011
BEARS
Oil Leads the decline. Cheaper oil is supposed to keep the economy going until zero interest rates ever kick in.
U.S. Dollar is a bull wanna be, but may be the top contender for runner up to the trouble currency crown dawned by the EURO.
BULLS
EURO technically still has never even suffered the 50/200 DMA death cross.

Monday, August 1, 2011

To Do--8/1/2011

1.  USD--2.3% to top of trendline.
2.  XED--Finally dumping.
Trendline--top/bottom.
Current location--% off botton/% unitl top.
Momentum--hot/warm/medium/cold/freezing.