The 8/22/13 Morning Update

August 22, 2013

The dollar broke above the declining trend line this morning which makes Tuesday the cycle low.

The trend line breaks indicates a new daily cycle. The dollar has done a pretty good job of disguising its daily cycle count during this decline. If Tuesday was day 14, this trend line break could lead to a new intermediate cycle.

On the other hand if the correct count is day 28, then the trend line break leads to a new daily cycle. And following a failed daily cycle, the new daily cycle will likely peak on or before day 8 and continue lower into its daily cycle low.

3 responses to “The 8/22/13 Morning Update”

pk34145

August 22, 2013

LM,
“The dollar has done a pretty good job of disguising its daily cycle count during this decline. ”
Can the Euro help us out here? Where is the cycle count on the Euro?
http://www.imagebam.com/image/fd77e2271713726

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vorfahrt

August 22, 2013

Counter-trend up in US$ and equities while PMs hesitate? Then we should see more correction in stocks and continued weakness in US$ and strength in PMs.

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vorfahrt

August 22, 2013

LM, could bonds also start a new DC here? Impressive rally today.

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