View: djusen and US dollar 12.24.13sc.png

djusen and US dollar 12.24.13sc.png

$DJUSEN and $USD: Often when stocks move sharply UP a sideways consolidation will form and it can be in the form of a 5 wave triangle. Most commonly when the triangle is over the next move out of the triangle is UP. 
And vice versa. Also the price of oil and oil stocks appear to move inversely with the price of US dollar partially because oil is priced in US dollars. If the dollar sharply drops in the next 1-2 years. This may lead to a big surge in oil and oil stocks. 
May you and your loved ones be blessed this Christmas and New Year. Tom


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