fedgolfer
Well-known member
Re: 350Z's I Fund Thread-Feb07
... another timing concern could be how fast the DX approaches the 50 day MA, if it spikes later today and then again Monday AM and approaches that 50 day MA it could act as resistance we could see the DX fall again maybe as soon as Monday on the intraday chart. Potentially a FV play? Probably too many "what ifs" to make an educated guess
That's what I'm thinking. I'm hesitant to go 100% I for Monday and Tuesday. Dollar may be heading up, OSMs are due for some profit taking, and OSM may not react well if the USM drops significantly today. With a 30-70% chance that the G penny will pay on Tuesday...maybe I will just stay in G for a bit longer. :suspicious:
... another timing concern could be how fast the DX approaches the 50 day MA, if it spikes later today and then again Monday AM and approaches that 50 day MA it could act as resistance we could see the DX fall again maybe as soon as Monday on the intraday chart. Potentially a FV play? Probably too many "what ifs" to make an educated guess
