Tuesday, December 1, 2009

Dollar Decline Dominates the Market


Ten Dollars may become Five Dollars - That is the Issue


Dollar Chart shows the progressive decline in the value of the US Dollar - When the Dollar goes down in value, the price of commodities goes up.  Commodity related stocks in turn go up in value.  The Market as we see it today is built on Sand.

Today's Action - Gap Up into resistance (green line). A principle of trading is "If you keep knocking, you will break through."  Well, we will see.  Tomorrow is another day.


20 Day, 1 Hour - Dec. 1 - Range Bound market for the last two weeks.  The Market is at Resistance.  Breaking Through is the Mystery of the Evening.

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