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$ Index, Short but Near Term Positives Appearing...

Discussion in 'Technical Analysis' started by ActionForex.com, Jun 5, 2009.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
    Likes Received:
    In the May 28th email on the $ index, affirmed the short position (sold on April 27th at 85.60), but warned that further new lows below 79.80 may be limited. The market did indeed weaken from there, reaching a new low at 78.35 this past Wednesday, and before quickly bouncing....

    complete article here...

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