Tuesday, January 19, 2010

U.S. Dollar

The US dollar for those that say it is looking good.

See the gnarly looking roster on jsmineset.com for a good laugh.

Today we saw a fill of gap resistance. While price closed above the gap, it did so with a significant contraction in volume. The old schoolers would call this a poor tape. A poor tape implies weak force. Price that cannot surmount resistance with force will eventually reverse and test previous support.

U.S. Dollar Index ETF (UUP)

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