Wednesday, October 21, 2009
15 MINUTE DECEMBER DOLLAR CHART (delayed prices)
AN EXPECTED BOUNCE IN THE DOLLAR AS THE PPT DOES EVERYTHING IT CAN
TO PREVENT A COMPLETE COLLAPSE IN THE DOLLAR
NOTICE THAT WHENEVER THE DOLLAR IS 'BOOSTED' BY INTERVENTION
IT FALLS AGAIN AND EACH 'BOOST' ONLY RISES LOWER EACH TIME.
THIS IS CALLED A DEATH SPIRAL IN ITS BEGINNING STAGES.
WHEN IT REALLY KICKS IN, THERE WILL BE NO 'BOUNCES"!
GOLD DROPS BELOW THE BLUE UPTREND CHANNEL BUT STAYS WITHING THE WHITE DOWNTREND CHANNEL WHICH RESOLVES UP
IT'S STILL EARLY IN EVENING TRADING. THE REAL ACTION
DOESN'T TAKE PLACE MUCH BEFORE 11:00PM PDST
A CRUCIAL TIME POINT IS AT 3:00AM EST TIME (MIDNIGHT PDST) ACCORDING
TO ED STEER'S RECENT EMAIL FROM CASEY RESEARCH WHICH I WILL POST
ON GOLDTRADER COMMENTS BLOG.
I'M NOT UP TO SPEED YET AFTER A GOOD SLEEP AND SOME FOOD.
5 MINUTE DECEMBER DOLLAR CHART (delayed prices)
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