FREE CHARTS
Free charts this week are the AUD/USD and e-mini S&P. I also added the “US Dollar Watch” to the page with a link to the special report I published on 12/09/09 tracking a potential trend change in the US Dollar. The dollar chart will be updated weekly to see how things play out.
Free charts: http://www.medianlinestudy.com/free-charts.html
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Futures
The mini-Dow chart walks through the signs of change that led to the big drop this past week. The e-mini S&P highlights results if you would have drawn the Median Line I suggested last week – a pin-pointed reversal! The Gold and Silver chart shows how a Median Line can still have strong magnetic power even after price drifts through a Median Line parallel.
Currencies
The weekly report includes the results of the EUR/USD ”if/then” scenario as price decided its direction early in the week – a true 20% failure occurred. The USD/CAD chart walks through the signs of price reversing. The AUD/USD illustrates the results of the clues we were watching for indicating the next move – the reaction line proved to be the line of resistance. The USD/JPY page discusses what to do when things get messy on the chart – keep it simple!
Keep drawing the lines,
Greg Fisher