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Cycle Trading

The 12/07 Morning Update

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I really do not have much more to say after last night.

But I figured that someone might interested in visiting with our friend, the Schaff Trend.

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The Schaff Trend Cycle is showing some interest in turning up.

A cross above the 25 line signals a trend change.

That would likely coincide with an intermediate trend line break.

I did notice that the dollar appears to be coiling on the monthly chart.

That is something I plan to discuss in the Weekend Report.

At any rate, this bears watching…
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3 responses to “The 12/07 Morning Update”

  1. fred Avatar
    fred

    It seems bonds have led the way for the dollar with the trend line break. Are you concerned with what bonds maybe suggesting?

    Reply
  2. HelpPayYourBills Avatar
    HelpPayYourBills

    Thank you for your wonderful work. Looks like by cycle theory, the USD cycle is going to be rephased to Day 3 being today (looking very toppy as well). USD got rejected at the IC trendline. and the 80.5 pivot.

    Reply
  3. vorfahrt Avatar
    vorfahrt

    Agreed. Let’s not get carried away with US$ bullishness here. Unless proven otherwise, US$ is still ina decline and everything else is bullish.

    Reply

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