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Worden Discussion Forum » General Discussions » Stock and Market Talk » The US Dollar: One gigantic H&S formation?

The US Dollar: One gigantic H&S formation? Rate this Topic:
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ben2k9		Posted : Thursday, March 19, 2009 9:33:41 PM
Registered User Joined: 7/1/2008 Posts: 889
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funnymony		Posted : Thursday, March 19, 2009 9:59:57 PM
Registered User Joined: 2/5/2006 Posts: 1,148		guess we better brush up on our chinese.
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realitycheck		Posted : Thursday, March 19, 2009 10:32:30 PM
Registered User Joined: 9/25/2007 Posts: 1,506		And that's why I'm currently playing an equity position in opposition to the USD ... The old double-whammey ... I've also considered that we could be seeing an H&S within an H&S within a larger H&S ... See the small H&S built in the October-December timeframe ? Maybe that is the left shoulder ... of an H&S that will be built out from October 2008 - May/June of 2009 ? And form the right shoulder of the one you have illustrated ... But ... all "ink blots" aside ... We all know that the USD is toast ....
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funnymony		Posted : Friday, March 20, 2009 1:21:40 AM
Registered User Joined: 2/5/2006 Posts: 1,148		the independent fed (lol) is buying our governments debt with money created from thin air. and busy trying to get the rest of the world to do the same. can't go wrong there.
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snowplowguy		Posted : Friday, March 20, 2009 6:51:33 AM
Registered User Joined: 9/9/2008 Posts: 8		QUOTE (funnymony) and busy trying to get the rest of the world to do the same. can't go wrong there. Hilary was assigned to that task.  I can just imagine how her conversation with the Chinese government went while she was on that bond beggint trip. "Look, we are all in this economic crisis together.  What you need to do for us is take savings away from your citizens and loan that savings to us so that we can give it to our citizens.  Our citizens can then use that savings that you loaned to us to buy products made in your country.... which keeps your people employed.  That way, although we end up with all the goods your country produces you guys end up with jobs...... and it is the jobs that are most important, right?"
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