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Saturday, May 10, 2014

Yuck!

Has the Dollar finally bottomed and the Euro Topped? May be the conflict in the currencies are finally working itself out or maybe their's more to come. Probably the only answer is Time. As long as there  is a Central Banking Cartel there will be attempts at manipulation. Some succeed and some fail. We Traders and investors don't have much in the way of knowing what their Plans are. We have to follow the charts. It looks like a Test of the 200 day MA is in-store.I would then expect a test of the 100 day MA. Watch for breaks in the Cloud Support areas & Momentum indicators.

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