I analyze macroeconomic issues from a fundamental perspective, and I analyze market behavior from a technical perspective. Original macroeconomic analysis can be found here and both macro analysis and commentary can be found on my Caps blog. If you like or appreciate my analysis, please add yourself to my Following List

Tuesday, December 22, 2009

Late Night Dollar

The Dollar is up late watching infomercials and eating Cheetos .... wait that's me.

The Dollar count has been vexing. It keeps putting in impulses. I revised my count from last week this morning, but it messed up the most obvious large 4th wave. But with a higher high tonight, I can put the 4th wave back to where it should be, and the 5th wave counts like an extension. And I think this version of the count channels much more nicely.

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