[RT] DX--a look at cycles

["Clyde Lee\(swb\)" <clydelee@xxxxxxxxxx>]

See attached.

Clyde
----- Original Message ----- 
From: "Dennis L. Conn" <dconn@xxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Wednesday, July 15, 2009 11:13 PM
Subject: Re: [RT] DX


> Hi Kevin,
>
> I'm only looking at daily and weekly data, and yes, it looks like it's
> broken down. But since you asked for "any thought" on this, the following
> opinion (which is worth what you're paying for it), assumes you're
> interested in a trade that will take weeks to play out.
>
> Without taking a lot of time on it, I looked at the EUR and GBP to see if
> there was any confirmation. I see too many mixed indicator signals to want
> to jump on a short in the DX. But if I was still inclined to take the
> chance, I'd wait for a small rally to retest the lower trendline of the
> triangle for a better entry point, because I have the impression from the
> EUR and GBP that they could be in for at least a brief decline (so I'd
> expect SOME rally in the DX). I also have the impression (again, from a 
> VERY
> brief analysis) that a swing or position trade is going to be a somewhat
> choppy affair here.
>
> I think going short in DX immediately would be premature, so I can't get
> excited about it yet. There's just too much conflicting info...
>
> Now that I've put it in print, no doubt the DX will crash to new lows... 
> : )
>
> DC
>
> ----- Original Message ----- 
> From: "pawprintpawprint" <pawprint1@xxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Wednesday, July 15, 2009 3:14 PM
> Subject: [RT] DX
>
>
>> Hi Group...
>>
>> Is anyone considering today's move down in the DX a break of the triangle
> patter that has been developing from the beginning of June?  Any thought 
> on
> this would be greatly appreciated.
>>
>> TIA ~kevin
>>
>>
>>
>>
>> ------------------------------------
>>
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>>
>
>
>
> ------------------------------------
>
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>
>
>


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