We've made some recent improvements to Prophet Patterns. I just did a search and saw a couple of interesting bearish ideas.
Slope of Hope Blog Posts
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American Pride at the Olympics
Short-Term Bullish Energy Plays
Rubber Dollar
I believe that the recent strength in the dollar is going to weaken briefly. Looking at the EUR/USD chart below, I would say this is probably going to retrace to to about the 1.54 level.
What this would mean for other markets (again, short term, measured in days) would be
- A boost in oil prices
- A boost in gold
- An impetus for stocks to soften up
Doin’ the Hughes
Good morning, everyone. Day 2 in Vegas, and I am determined to get completely caught up in my work (hence the drawn curtains and determined stare). I think I've created a monster with the comments section; it's become a multi-hundred entry a day festival of discussion. That's a great thing, but when the hit count on a Sunday approaches that of a strong weekday, I have to wonder.
Time to look at charts. I'll definitely be doing a post or two during the course of the day.
