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[يمن فوركس | yemenforex‎]

Highlights 85.50 Key Level In DXC - Watching Closely Wednesday, December 10, 2008 - New York Update - 3:15 PM EST I can't tell which is blocked up and congested more, my sinuses or the US dollar? Both are killing me lately. I'm working from home trying to recover from this head cold, sinus infection that the rest of New York City has. I am watching this 85.50 level in the US dollar that is acting like such a magnet right now. These charts were put together last week, but they remain valid. While above 85.50 and I am leaning towards the triangle count, which points the US dollar higher in wave 5 likely targeting the 90.00 level. This will equate to a lower EURUSD. My alternate wave count is vastly different in that we have already completed 5 waves (red (1)), and are moving lower in wave c-of-(2). Obviously this count hinges upon a 85.50 break. Should this count emerge victorious, we will look for EURUSD to be moving towards 1.3200. I would be more encouraged by this count, however, if the S&P could move back above 920 (trading 894), but the equity markets are rather quiet today. And considering the US Dollar Index is trading 85.42, just .08 pts away from the 85.50 level, the prudent move is to reload on Sudafed and stand back to await clarification. Back tomorrow. TG.

Disclaimer: The information and opinions in this report are for general information use only and are not intended as an offer or solicitation with respect to the purchase or sale of any currency. All opinions and information contained in this report are subject to change without notice. This report has been prepared without regard to the specific investment objectives, financial situation and needs of any particular recipient. While the information contained herein was obtained from sources believed to be reliable, author does not guarantee its accuracy or completeness, nor does author assume any liability for any direct, indirect or consequential loss that may result from the reliance by any person upon any such information or opinions.

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