Monday, June 20, 2011

Dollar watch

The dollar continues to show strength but still within the 100 SMA and the long-term DTL but still holding above the 8 EMA. Ever day I ask myself "Do I think the dollar is at the bottom of it's day range or at the top?" If I think its closer to the top I am more biased to the long side and vice versa for when the dollar looks like its closer the day's bottom range. It's just one of the many check marks in my premarket prep list. Of course I usually get my face ripped off when we just see a dollar breakout early on and a non-stop uptrending squeeze.



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