Maybe it'll test the Friday's low and probably make a new low (before a rebound, may or may not).
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If the current pullback can make a double bottom then it'd be safer to say that the low was in for today. Let's see if bulls can deliver.
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Now let's see whether bulls can make a double bottom here.
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Very good bull signal bar. If the current bar is another good looking bull bar then we may have a nested double bottom here.
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US dollar going up parabolic now, no wonder stocks and gold and everything else suppressed in dollar values. i just noticed that for the most of this year, dollar is above monthly BB. feels unprecedented, but i don't have charts going back to 1980's.
my bold prediction is dollar rise is near and i'm voting with my $: long stocks and gold miners as of today.
jack black wrote:US dollar going up parabolic now, no wonder stocks and gold and everything else suppressed in dollar values. i just noticed that for the most of this year, dollar is above monthly BB. feels unprecedented, but i don't have charts going back to 1980's.
my bold prediction is dollar rise is near and i'm voting with my $: long stocks and gold miners as of today.
I am old - see 1980s, 1980-85 in particular, 5 years of it, IF you think dollar overbought now, see 1980, stayed that way for 5 years.
Not sure whether it's a higher low (green arrow). Rebound in a down day always is strong and convincing, hard to know which one is for real.
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Large lot buying is picking up after an anemic morning. This is BOP from tc2000 and TSV time Segmented Volume also from tc2000.
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jack black wrote:US dollar going up parabolic now, no wonder stocks and gold and everything else suppressed in dollar values. i just noticed that for the most of this year, dollar is above monthly BB. feels unprecedented, but i don't have charts going back to 1980's.
my bold prediction is dollar rise is near and i'm voting with my $: long stocks and gold miners as of today.
I am old - see 1980s, 1980-85 in particular, 5 years of it, IF you think dollar overbought now, see 1980, stayed that way for 5 years.
i see your point. but even then it didn't go up non-stop. i see the recent near nonstop move in the last year from 90-114 analogous to the 86-110 move between 1980-81 and then it corrected some.