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Monday, January 4, 2010

USDX




The momentum (dark think blue line) under the MA (dark thick orange line) looks to me to be accelerating. The small spec. on USDCHF is about 1.07% positive. It looks like the USDX may be rolling over but until the LRSI hits .8 it's a gamble. The speed of the line suggests to me a sharp leg down is on the way but I'm waiting until the odds are on my side. I still have UUP long calls in place in case I'm reading it incorrectly.

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