[quote=4plexowner]”I took a peek at forex futures and there is no indication of an upcoming dollar collapse there.”
[img_assist|nid=11868|title=US Dollar Decline|desc=|link=node|align=left|width=400|height=208]
Eugene – see that action on the right side of the chart? We call that a “downtrend” – it means that prices are declining – in this case, it is the US dollar and it has dropped from 0.90 to 0.78 in the last 5 months – more significantly, it fell through 0.78 this week – 0.78 has been considered a ‘line in the sand’ – next support is around the 0.76 level
what would signs of an upcoming collapse look like?[/quote]
Eugene is the kind of person that would find a candle pointing north in the graph and tell you that is his reasoning for an uptrend. TG has a little more common sense approach, but with his self proclaimed internet porn problem, I think he may be looking at the wrong graphs :). 4plex thanks for posting that. I was a bit lazy and didn’t feel like looking for that last night.
