649bruno
Short

DXY: Jack-Be-Nimble Alert, Part 2

TVC:DXY   US DOLLAR CURRENCY INDEX
33 0 4
This is part 2 of this series. This is a comparison of DXY             , which is most of this chart, versus UDN             ( Powershares US Dollar             Bearish ). As the DXY             falls the shares of UDN             rise.
Here are the letters and what "TRADE-MAP" means to me (first the letters in TRADE):
1. T : Time and space (Fractals); 2. R : Repeating Cycles; 3. A : Advancing Trend; 4. D : Declining Trend; 5. E : Energy in Phase Forces.
Now the letters in MAP:
6. M : Momentum and Velocity; 7. A : Analysis of Structure; 8. P : Price Performance. There you have it: Don's personal "TRADE-MAP.
"Don's Top Ten Technicals": 1. The Ichimoku Cloud is FALLING. 2. Prices are trading BELOW the cloud. 3. Prices are trading WAY BELOW the thick red Ichimoku Cloud Conversion line. 4. The thick red conversion line is moving SHARPLY LOWER. 5. The thick black line is the Ki jun-Sen baseline of the Ichimoku Cloud and this is HEADING SHARPLY DOWN. 6. The indicator on the top of the page is RSI / Stochastic , and this is FAILING.. 7. The top-side middle indicator is vortex and this is NEGATIVE (red over green). 8. The Top (bar-type) indicator measures the "phase energy", and this is VERY WEAK. 9. The red fractal arrows (not pictured) are DOWN. 10. Look to the far lower right on the chart, around - 2%, by the top of the down trend regression line. You will notice a yellowish line on the bottom (jaws), with black dots above (teeth), and a blue line (jaw) above the black dots. Now, all three are WIDE OPENED, correct? This is where I ask you to use your imagination and envision these three items as the "jaws, lips, and teeth of a NOW AWAKE, FEEDING alligator, and the alligator will feed into the DOWN-TREND.
If you trade DXY             for strength via UUP             , be aware, the rally could be very short in duration. You truly must act as "Jack Be Nimble". I feel DXY             is solidly DOWN.
I would like to close with a quote from actor Will Smith:
"Too many people spend money they haven't earned, to buy things they don't want, to impress people they don't like."
I hope this has been entertaining, helpful, and informative. I hope all of your trades go well. Don.
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