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Not So Fast!

Not So Fast!

by The MoleJune 9, 2009

2:46pm EDT: The Dollar got stopped in its tracks today and although nothing is confirmed just yet the following scenario is starting to gain in probability:

If we drop through 78.3 then 77 is almost guaranteed. Of course this would give an additional ‘bullish bias’ to equities as well as commodities – I’m using that term instead of ‘boost’ since any remaining correlations seem to be breaking apart lately.

If we are lucky then this is nothing but a small degree correction which will be followed by more upside. We should know by Thursday at the latest.

About The Author
The Mole
Mole created Evil Speculator amidst the chaos of the financial crisis in early August of 2008. His vision for Evil Speculator is a refuge of reason, hands-on trading knowledge, and inspiration for traders of all ages and stripes. You can follow him and his nefarious schemes at the usual social media waterholes.
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