10/30/09: A small bounce in the US dollar index occurred this week as the bear slide in the greenback hits its 1/2 year mark. While the bear flagpole formation suggested downside targets would come in near 77, there isn't a tradable bottom in the US dollar index yet. Most existing price patterns continue to exert themselves with just a couple markets breaking their existing trends. Two charts of note this week include the Canadian stock market (refer to WCTS 10/30) and a rather large bull flag pole formation in Pork Bellies.
That's all for this issue of the WCTS Spotlight,
Brian Beamish FCSI
the_rational_investor@yahoo.com
http://www.the-rational-investor.com
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