Friday, March 03, 2006

USDCAD: Defcon 4 alert ... oil weaponry & wait!


75% probability for ignition at contact point shown in daily chart. Caveat: 161.8 level is still a bit lower on voodoo Fib grid and is acting like a magnet/magnate. Macd has already made contact. RSi not yet. The trendline supports are from 2004 and 2003 respectively and command considerable respect. If they fire, it will be a rocket blast for some good gains, even if it is only for a few days.

More as we go

Go salowly.

No comments:

Post a Comment