Tuesday, September 26, 2006

Charts of Interest (USD, S&P500)

Comments: Is the S&P 500 going to break out after all? Right now it looks like it is avoiding the bearish wedge and making new highs. Another day of this and I may have to close out my small short position. Even though it looks good, I still wouldn't totally dismiss the potential for a fakeout.


Comments: Looks like the USD Index is attempting a recovery. The 86 level is important for the short term. The pattern is a triangle with a target of + / - 3 points.

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