[RT] Fw: [TimeandCycles]us dollar index

[Ben <profitok@xxxxxxxxxxxxx>]

 

----- Original Message -----

From: profitok@xxxxxxxxxxxxx

To: TimeandCycles@xxxxxxxxxxxxxxx

Sent: Tuesday, May 05, 2009 1:02 AM

Subject: Re: [TimeandCycles] MAY 4 analysis

broke a trend line to the downside

see gif

how would that  effect  sp500 future outlook?

Ben

----- Original Message -----
From: jeffrey tennant
Date: Monday, May 4, 2009 11:23 pm
Subject: [TimeandCycles] MAY 4 analysis
To: time

> Saturday we said we were looking for a rally into the mid 900s.
> Today was a good start. However, that does not mean we will go
> straight up.
>
> The daily chart shows we rallied to, but not through, a
> resistance area. The Hobson close is not necessarily bearish
> because it comes at a new trend extreme. However, there is an
> optional mejt target of 896.26- most likely to be seen tomorrow.
> (usually prints, does not have to)
>
> Jeff
>
>
>
>

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