Showing posts with label US Dollar. Show all posts
Showing posts with label US Dollar. Show all posts

Wednesday, October 27, 2010

Dollar Index



The US Dollar index is trading around multi decade lows. It is forming a "L-formation" at the 70 level. Note the high of the reaction goes to the exact fib 38% line. If the Dollar breaks below 70, the first target is a 70% wave projection of 55. The final target would be 40 by 2015. If it does break below 70, BUY GOLD.