Could the US Dollar Index get any lower? Absolutely, as today’s price action showed us rather resoundingly:

Not only did the index make new price lows, but it made new momentum lows, which could forecast even lower prices are yet to come.

The index closed at $74.17, violating the late November price low of $74.50. […]

The Dow Jones Index has hit an area of supply today which may serve as an area of resistance. Let’s look:

The 12,800 index level has served both as support and resistance during the last few months, and this area of supply is being tested currently. Notice the doji candlestick that has formed at […]

Today, Google (GOOG) shocked traders and investors alike, blowing past potential support at $500 per share and gapping down on significant volume to form a semi-hammer pattern.
Let’s look before describing the picture:

First, notice the massive triangle break-down toward the end of 2007. This led to a large volatility price move to the downside as […]