We are still waiting on a decisive break on the dollar.
A break higher will likely send PM & equities lower.
A break lower should be bullish for the aforementioned.
The Schaff Trend Cycle on the dollar did break below the 75 line today.
This indicator has a high reliability factor.
When a break is made below the 75 level, that leads to the Schaff Trend Cycle to tag (or break below) the 25 line.
Which indicates the cycle trending lower.
Sorry no charts tonight, I am on my IPad.
Thanks for your great analysis. I am a big fan.
Greco,
Thanks, I am glad that you find this blog useful.
LM…I am getting signs indicating that MINERS look ready to lift off ( based on a few different ways to look at the $BPGDM) .
http://www.screencast.com/t/52hrVu7HQS
I am not familiar with the SCHAFF Trend Cycle -other than when you have mentioned it ,but it appears to be saying the dollar will drop? That fits nicely- thanks for the report!
ALEX
Alex,
Thanks for posting the chart.
I have been watching the miners, as well.
The BPGDM did turn the corner and the dollar made a break lower this morning.
Let’s see if this is sustained.
Your call on the dollar (and conviction stated about the certainty of the SCHAFF Trend Cycle ) has impressed me…because I have been hearing from many that they felt the dollar was ready to move UP in a meaningful way….it is currently slipping : ]
Alex,
Cyclically speaking this is a very bullish time for the dollar.
The second weekly cycle in the second three-year cycle should be wildly bullish.
The way that Ben hammered the dollar with QE 1&2 has caused the dollar to not print a higher three-year high in over ten years.
And it looks like we may be due for a yearly cycle low for the dollar.
Regarding the Schaff Trend Cycle, it uses a timing component that I find intriguing.
LM On the dollar where are we on the cycle. Or when is the signal triggering to say sell the dollar?
Jeff,
Today we have a daily cycle trend line break that follows the Schaff Trend Cycle sell signal from yesterday.
Today is day 12 for the dollar.
The dollar could trend lower for the next 4 days to the next three weeks.
Alex/LM – Is there a $BPGDM equivalent for the USD? I like how that index and Schaff work, but there is no Schaff available in stockcharts.com. Any alternatives for the USD that you know of?
Kenner,
I am not aware of a “$BPGDM” equivalent for the USD.
Was getting your posts in my google reader but for some ereason the Aporil 19th post did not show up-is it because you have changed web-sites ?
Sorry about that.
I have been in the process of shifting operations to this site.
KENNER
sorry–I am aware of $BPSPX and $BPNDX for the Markets, but I am unaware of one for the dollar (I tried $BPUSD…didnt work : ],
Maybe someone else knows of something similar??
Cycle Trading 
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