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September 20, 2007


Dollar Index Entering No Man’s Land

We know that below 78.19 is truly no man’s land in the Dollar Index (DXY). The TD Sequential indicator is sometimes useful for identifying trend exhaustion, so a lot of people keep an eye on it.

As you can see from this daily chart, the possible reversal indicated in early August caught a tiny run before the massive, secular downtrend reasserted itself. I can’t say it often enough: maintain your USD shorts.


Click to enlarge

This entry was posted on Thursday, September 20th, 2007 at 5:36 pm (utc+8) and is filed under Trading and Investing.

5 Responses to “Dollar Index Entering No Man’s Land”

  1. pete said:
    September 20th, 2007 at 9:04 pm

    thoughts on this CM?

  2. jest1081 said:
    September 20th, 2007 at 10:01 pm

    It seems like the prostitution of the USD is set to stay, selling rallies.

  3. stan said:
    September 21st, 2007 at 12:05 am

    What charting package/services are you using to do this chart? Thx…

  4. Babak said:
    September 21st, 2007 at 12:41 am

    stan, that’s the unmistakeable DOS-like interface of the Bloomberg terminal.

  5. Floyd said:
    September 25th, 2007 at 12:37 am

    Thats not good………..

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