Thursday, October 8, 2009

Dollar looks like it's about to explode north...

Looking at the dollar through UUP I'm seeing the potential for one more intra day low followed by a higher close that would mark the intermediate low for the dollar..



ALso I'm seeing the potential for a substantial move lower in the energy sector through OIH which reveals a divergent RSI on the break out higher that occurred on negligible volume, not what you would expect on a break out...

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